The Commission with help of consultants and JASPERS prepared an updated Guide to Cost-Benefit Analysis that is obligatory for all major projects submitted to ESIF 2014-2020. The CBA guide builds on vast experience gained in the preparation and appraisal of major projects in the programming period 2007-2013, and aims to provide practical recommendations and case studies for the authorities involved in major projects and for all consultants preparing the project documentation.

The Guide takes into account recent developments of international best practice and it has been carried out by Davide Sartori of Centre for Industrial Studies in Milan (supported by other colleagues). The scientific coordination of the Guide was provided by team of experts, involving professors: Massimo Florio (main coordinator), Per-Olov Johansson (Stockholm School of Economics), Susana Mourato (London School of Economics & Political Science), Arnold Picot (Ludwig-Maximilians-Universität, Munich), and Mateu Turró (Universitat Politècnica de Catalunya).

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