Benefits and costs of transport : classification, methodologies and policies.

This article aims to bring together insights from a broad body of recent literature concerned with the nature, the measurement and policy implications of benefits and costs of transport. It is argued that, for various reasons, transport cannot be treated as an `ordinary' economic sector, and the policy implications of a number of the sector's peculiarities are addressed. Explicit attention is given to spatial aspects and network elements, internal and external benefits and costs, and efficiency aspects and equity considerations in policy making. (A)