Noise valuation in ex-ante evaluations of major road and railroad projects
In many European countries, the impact of new road and railroad infrastructure is assessed by performing a cost-benefit analysis, monetising as many relevant effects as possible. Considering that noise is a major external effect of traffic, this paper will systematically review the guidelines for monetising noise in different European countries. The study shows, firstly, that there are guidelines for monetising noise in most western and northern European countries and secondly, that not all noise effects are dealt with. Usually only annoyance in a residential context is included. Thirdly, the different prices being attached to noise in various countries are mainly due to different unit values applied to the same impacts. Fourthly, a gap has been shown to exist between the theoretical guidelines and their application in practice.
EJTIR is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) licence. The license means that anyone is free to share (to copy, distribute, and transmit the work), to remix (to adapt the work) under the following conditions:
- The original authors must be given credit
- For any reuse or distribution, it must be made clear to others what the license terms of this work are
- Any of these conditions can be waived if the copyright holders give permission
- Nothing in this license impairs or restricts the author's moral rights