Guidance on the Methodology for carrying out Cost-Benefit Analysis
The objective of this document is to present a set of working rules which will lead to more consistency and rigour in future cost benefit analyses (CBA) for ERDF and Cohesion Fund applications and hence to better informed decision making.It is intended for use by managing authorities who commission cost-benefit analyses or undertake them internally. However, it is not intended as a guide or a manual on the conduct of cost-benefit analysis.The working document clarifies some general principles of CBA for major projects and the process of determining the EU grant for all projects. It builds on the practice gained in project appraisal during the previous programming periods, while taking into account the new regulatory context for the 2007-2013 period.