Economic Appraisal Framework for Transport Projects

This document is a guide focused on the economic appraisal framework for transport projects in Romania and Bulgaria, particularly in the context of EU funding for the 2021-2027 programming period. It outlines the regulatory framework, including the Common Provision Regulation (EU) 1303/2013 and 2021/1060, which mandates the inclusion of cost-benefit analysis (CBA) and financial analysis in project assessments. The guide details the methodology for project appraisal, emphasizing the use of the EC 2014 CBA Guide and the Economic Appraisal Vademecum. It compares the major differences between the 2014-2020 and 2021-2027 programming periods, highlighting changes in the legal basis for economic appraisal and the flexibility in the tools used for assessment. The document also elaborates on the Romanian CBA Guide, its background, and its role in guiding the appraisal of transport projects, ensuring alignment with EU standards and good practices.