1. Workshop with EU Member States: Work Package B Session 1 – Introduction 3 February 2011

2. 2 Frontier Economics Research team José Carbajo Stefano Costantini Jorge Esteban León Xavier Mas Phil Richards James Arrand Kathryn Black Neil MacDonald Gary Oakes Jon Tindall James Laird Charlotte Kelly Prof. Peter Mackie Prof. Chris Nash John Nellthorp Expert Panel Prof. Antonio Estache (Université Libre de Bruxelles and ECARES) Prof. Emile Quinet (Ecole des Ponts Paris-Tech and PSE) Prof. András Timár (University of Pécs)

3. 3 Frontier Economics Overview of approach TORs: Initial list of 40 projects Shortlist: 20 projects Selection criteria Scoring formula 10 projects for ex post evaluation Size of EU funding Regional distribution of EU funding Modal split of EU funding Quality and availability of information possible implications for CBA methodology Level of support Comprehensiveness ex-ante analysis Data availability Amount of new primary data required

4. 4 Frontier Economics RoadRail M1 Motorway – Ireland Agiou Konstantinou bypass – Greece Levante - France motorway – Spain Thriasso-Pedio-Eleusina-Korinthos railway – Greece Madrid-Barcelona-French border – Spain Lisbon-Algarve railway – Portugal IXB Transport Corridor – Lithuania Eastern Section of the M0 Budapest Ring Road between NR4 and M3 – Hungary A2 Motorway – Poland Senkevice-Cifer railway modernisation and stations Raca-Trnava – Slovak Republic Projects selected Greece / Ireland / Portugal / Spain Central & Eastern Europe

5. 5 Frontier Economics Timeline Task 1 Task 2 (10 selected projects) Task 3 Task 1.1 Set criteria to shortlist 20 projects Task 1.2 Project descriptions (20 projects) Task 1.3 Selection of 10 projects for Task 2 Task 2.1 Review of ex-ante CBAs Task 2.1 Ex-post CBAs Task 2.3 Compare ex-ante and ex-post CBAs Assessing CBA as method for appraisal and evaluation Inception Report Project Description Report First Interim Report (pilots) Second Interim Report Final report

6. 6 Frontier Economics Frontier Economics Limited in Europe is a member of the Frontier Economics network, which consists of separate companies based in Europe (Brussels, Cologne, London and Madrid) and Australia (Melbourne & Sydney). The companies are independently owned, and legal commitments entered into by any one company do not impose any obligations on other companies in the network. All views expressed in this document are the views of Frontier Economics Limited.

7. 7 Frontier Economics FRONTIER ECONOMICS EUROPE LTD. BRUSSELS | COLOGNE | LONDON | MADRID Frontier Economics Ltd, 71 High Holborn, London, WC1V 6DA Tel. +44 (0)20 7031 7000 Fax. +44 (0)20 7031 7001 www.frontier-economics.com