This manual presents the procedures to be used in the economic efficiency evaluation of projects submitted to Land Transport New Zealand for funding. Economic efficiency is one of the three assessment factors considered in Land Transport NZ’s funding allocation process, which is described in chapter 6 of Land Transport NZ’s Programme and funding manual. Economic efficiency analysis is also used when selecting between project alternatives and options to ensure that the best possible use is made of the available resources. The economic analysis procedures contained in this manual include both simplified and full procedures. The emphasis throughout this manual is on the practical use of techniques for evaluating typical transport projects. No attempt has been made to provide full coverage of the theoretical or philosophical basis of the methods presented. (Author/publisher)
Abstract