EVALUATING INFRASTRUCTURE INVESTMENT: From Financial Viability to Social Welfare

The book explains how to evaluate infrastructure projects using Cost– Benefit Analysis (CBA), combining welfare economics with the practical realities of public decision-making. Aimed at graduate students and practitioners, it treats infrastructure as both an economic good and a political choice, shaped by uncertainty, externalities, and distributional effects. It argues that CBA should guide real trade-offs— growth, equity, sustainability— rather than serve as a box-ticking exercise, and i...