Costs-Benefits Analysis relative to the Investment Programmes/Projects for Transport Infrastructures

The ACB concerns the annual flows relative to costs-revenues (financial analysis) and costs-benefits (economic analysis) defined by the comparison between the “With Intervention” scenario and the “Without Intervention” one

Client:

RFI-Rete Ferroviaria Italiana

Location: Italy

Year of completion: 2022

Areas: Innovative Public Transport Systems, Sustainable Mobility Systems

The problem

During the authorisation process of some investment projects, that is in order to obtain public financing (community and national), the RFI was obliged to also present a costs-benefits analysis (Analisi Costi-Benefici, ACB) of the project together with the technical design documentation, aimed at establishing the convenience of the investment for the community.

The ACB details the annual flows relative to costs-revenues (financial analysis) and costs-benefits (economic analysis) defined by the comparison between the “With Intervention” scenario and the “Without Intervention” one (the so-called “Reference Scenario”).

It should be noted that the “Without intervention” scenario is not characterised by a general situation of “not doing” with respect to the present situation, but considers an evolution trend of the infrastructure and economic flows according to the already planned and initiated actions, unlike the intervention being evaluated.

Our approach

Our work group gave its contribution to the costs-benefits analysis activities and in particular to the identification of the following contents:

overview of the investment programme and description of the socio-economic context;
definition of the goals and intervention description;
commercial offer and expected traffic developments;
financial analysis;
economic analysis;
risk assessment.

Our commitment focussed mainly on the following experiences:

Costs-Benefits Analysis of the Lyon-Turin High Speed line (September 2009-June 2012);
EU economic support to sustainable urban mobility and the use of alternative fuels in the urban areas of the European Union (December 2015-December 2016);
Development of the socio-economic costs and benefits Analysis of the investment for the “Milan-Venice HS/HC Line: Brescia-Verona stretch” (November 2016-April 2017);
Costs-Benefits Analysis referred to the entire Naples-Bari investments programme, complete with Risk Analysis (September 2017-March 2018).