The faults of the current approach to transport investment and appraisal are even more serious than NATA’s critics have pointed out.
The approach is inspired by the idea that demand for transport is increasing and must be satisfied, either completely or at least in very large part. The scale of the future need is established by projecting the present situation or extrapolating from recent trends. This procedure makes sense only on the assumption that the present situation, and the trends...
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