EDR Group President Glen Weisbrod delivered the plenary address on the first day of the 14th International Conference on Competition and Ownership in Land Passenger Transport in Santiago, Chile. Glen spoke on the topic of "Wider Benefits of Public Transport: An Evolving Concept with Evolving Uses."
Later in the conference, Glen Weisbrod and Corinne Mulley (of the University of Sydney) presented a paper on the uses of economic impact analysis for assessing Bus Rapid Transit (BRT) alternatives for the North Beaches corridor in Sydney, Australia. The paper shows how benefit-cost analysis (BCA) and economic impact analysis (EIA) approaches can be complementary, can address different questions, and can be used together to provide a more holistic evaluation of the value of a public transport infrastructure change. It provides the rationale for using an extended analysis EIA as a complement to the welfare based CBA, providing a different perspective for viewing the consequences if investment in public transport.
Glen has worked for the past 37 years on economic impact and benefit cost evaluation for a wide variety of transport and infrastructure programs and projects.
Workshop Paper. Weisbrod, Mulley and Hensher (2015). Recognising the complementary contributions of cost benefit analysis and economic impact analysis to an understanding of the worth of public transport investment: A case study of bus rapid transit in Sydney, Australia