This ex-post evaluation study concerned urban development projects financed by the European Investment Bank (urban transport and urban renewal) in the EU over the period 1988 to 1995. In 1988 the Bank's eligibility criteria were extended to cover urban operations throughout the EU. From 1988 to 2001, individual loan signatures for investment in urban development in the EU totalled about 18 EUR billion, while allocations from global loans reached a total of about EUR 7 billion. The evaluation covered 21 projects in six countries (Spain, Portugal, Italy, France, Germany and the UK). It focussed on: integration of the project in the local planning, project performance, value added by the Bank, results, and target audience. The lessons learned from the 11 transport projects covered in the study are described. The results included the development of a multi-criteria assessment framework, recommendations on when a "lighter" appraisal may be appropriate and how to customise appraisal to programme loans financing a number of small projects. Some new approaches to applied transport economics are described. For the covering abstract see ITRD E126595.
Abstract