Evaluation Tools for Transport Infrastructures: Social Return On Investments

European Transport \ Trasporti Europei (2020)

13 Pages Posted: 23 Jun 2020

See all articles by Elisabetta Venezia

Elisabetta Venezia

Independent

Fabio Pizzutilo

Università degli Studi di Bari “Aldo Moro”

Date Written: May 30, 2020

Abstract

In this paper we analyse the Social Return On Investment (SROI) as a form of evaluation that contributes to a wider analysis of investments. SROI offers an overview of how change has been generated and experienced by beneficiaries and stakeholders. The method uses monetary values to represent the social and economic results of investments infrastructure investments, by calculating the impact created for each euro invested in the project and expressing this impact in the form of a ratio However, the emphasis is more on creating economic and environmentally sustainable values than on the financial aspect. Nevertheless, SROI is designed to stimulate funding by private as well as public entities of innovation in, and wider provision, of programs for remediating or preventing the absence of proper evaluations. We verified the empirical applicability of SROI for the evaluation of projects in the transport sector. Finally, we discussed a case study related to the evaluation of a rail services renovation plan aimed at modernizing the local rolling stock.

Keywords: Evaluation; SROI; Infrastructure investments; Transport sector; Rail services

Suggested Citation

Venezia, Elisabetta and Pizzutilo, Fabio, Evaluation Tools for Transport Infrastructures: Social Return On Investments (May 30, 2020). European Transport \ Trasporti Europei (2020), Available at SSRN: https://ssrn.com/abstract=3614593

Fabio Pizzutilo

Università degli Studi di Bari “Aldo Moro” ( email )

largo Abbazia S. Scolastica, 53
Bari, 70124
Italy

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