EVALUATING INFRASTRUCTURE INVESTMENT

Overview

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 it provides a step-by-step structure supported by applied cases.

Author Biography

is Associate Professor of Economics of Infrastructure, Energy and the Environment in the Department of Social and Political Sciences at Bocconi University. He is the founder and former director of the Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN). His research focuses on infrastructure investment, sustainable mobility, and the energy transition.