PART I. OVERVIEW OF THE FEASIBILITY STUDIES

　CHAPTER 1. Project Preparation and Evaluation Experience at the World Bank
　Songsu Choi
　　1. Introduction
　　2. Feasibility Study and Evaluation
　　3. Separate Responsibilities for Preparation and Evaluation
　　4. Project Preparation and Appraisal Agenda
　　5. Rise and Fall of Economic Evaluation at the World Bank
　　6. Use and Abuse of Project Analysis
　　7. Thoughts on the Korean Prefeasibility Study System and its Further Development


　CHAPTER 2. Improving Public Expenditure Management for Large-Scale Government Projects: Focusing on a Feasibility Study: the case of the major projects financed in the framework of the EU cohesion policy
　Jorgen GREN
　　1. Introduction
　　2. The framework in the EU for financing major projects and the role/decisions of the Commission
　　3. The feasibility study in the EU context


PART II. LEGAL AND MANAGEMENT ISSUES IN THE FEASIBILITY STUDIES

　CHAPTER 3. Public Finances Effective Management as a Factor of Long-term Economic Growth-Polish Experience
　Marata Postula
　　1. Introduction
　　2. Different budget expenditures concerning co-financing programs and domestic policy of the EU
　　3. Summary

　CHAPTER 4. Feasibility Studies under the System for Evaluating Government Policies in Japan
　Chigako Yamamoto
　　1. Introduction
　　2. Structure of the Japanese Government
　　3. History of Development of the System for Evaluating Government Policies
　　4. System for Evaluating Policies of the Central Government
　　5. The System for Evaluating Policies, Programs and Projects of the MLIT
　　6. Cost-Benefit Analysis for MLIT projects
　　7. Case Studies: Termination of Projects Based on Interim Evaluation
　　8. Issues of Feasibility Studies under Japanese Systems for Evaluating Government Policies
　　9. Conclusions


　PART III. EVALUATION AND DECISION-MAKING RULES FOR THE FEASIBILITY

　CHAPTER 5. Decision-Making for Major Infrastructure Investments: Measuring Feasibility in the US
　Erik Cempel
　　1. Introduction
　　2. Policy Framework and Legislation
　　3. Component Elements of the Feasibility Study
　　4. Survey of US Feasibility Studies
　　5. Lessons and Conclusions

　CHAPTER 6. The COSIMA Approach to Transport Decision Making: Combining Cost-benefit and Multi-criteria Analysis for Comprehensive Project Appraisal
　Steen Leleur
　　1. Introduction
　　2. COSIMA methodology
　　3. COSIMA decision conference
　　4. COSIMA software
　　5. Comparison of COSIMA to other approaches
　　6. Conclusions and perspectives
　　Appendix : Technical notes


PART IV. KOREA'S EXPERIENCES IN THE PRELIMINARY FEASIBILITY STUDIES

　CHAPTER 7. Preliminary Feasibility Study (PFS) : Performance and Challenges
　Hyeon PARK
　　1. Introduction
　　2. Performance
　　3. Challenges

　CHAPTER 8. Implementation System and Analysis Methodologies of the Preliminary Studies
　Kang-Soo Kim and Jeong Whon Yu
　　1. Introduction
　　2. Framework of the Preliminary Feasibility Studies (PFS)
　　3. Methodologies focusing transport projects
　　4. Conclusions

　CHAPTER 9. Beyond Technical Information Providers: The Expanded Role of Policy Analysts of Public Investment in Korea
　Kilkon Ko
　　1. Introduction
　　2. The Unusual Success of Policy Analysis of Public Investment in the Korean Government
　　3. Political Expectations to the Policy Analysis
　　4. The External Demand of Rational Public Investment
　　5. Enhancing the Accuracy of Analysis
　　6. Explicit Judgment Model Preventing Arbitrary Interpretation
　　7. The Responses to the Adoption of PFS by Politicians and Bureaucrats
　　8. Conclusion
　　Appendix. KDI AHP Process

PART I. OVERVIEW OF THE FEASIBILITY STUDIES

　CHAPTER 1. Project Preparation and Evaluation Experience at the World Bank
　Songsu Choi
　　1. Introduction
　　2. Feasibility Study and Evaluation
　　3. Separate Responsibilities for Preparation and Evaluation
　　4. Project Preparation and Appraisal Agenda
　　5. Rise and Fall of Economic Evaluation at the World Bank
　　6. Use and Abuse of Project Analysis
　　7. Thoughts on the Korean Prefeasibility Study System and its Further Development


　CHAPTER 2. Improving Public Expenditure Management for Large-Scale Government Projects: Focusing on a Feasibility Study: the case of the major projects financed in the framework of the EU cohesion policy
　Jorgen GREN
　　1. Introduction
　　2. The framework in the EU for financing major projects and the role/decisions of the Commission
　　3. The feasibility study in the EU context


PART II. LEGAL AND MANAGEMENT ISSUES IN THE FEASIBILITY STUDIES

　CHAPTER 3. Public Finances Effective Management as a Factor of Long-term Economic Growth-Polish Experience
　Marata Postula
　　1. Introduction
　　2. Different budget expenditures concerning co-financing programs and domestic policy of the EU
　　3. Summary

　CHAPTER 4. Feasibility Studies under the System for Evaluating Government Policies in Japan
　Chigako Yamamoto
　　1. Introduction
　　2. Structure of the Japanese Government
　　3. History of Development of the System for Evaluating Government Policies
　　4. System for Evaluating Policies of the Central Government
　　5. The System for Evaluating Policies, Programs and Projects of the MLIT
　　6. Cost-Benefit Analysis for MLIT projects
　　7. Case Studies: Termination of Projects Based on Interim Evaluation
　　8. Issues of Feasibility Studies under Japanese Systems for Evaluating Government Policies
　　9. Conclusions


　PART III. EVALUATION AND DECISION-MAKING RULES FOR THE FEASIBILITY

　CHAPTER 5. Decision-Making for Major Infrastructure Investments: Measuring Feasibility in the US
　Erik Cempel
　　1. Introduction
　　2. Policy Framework and Legislation
　　3. Component Elements of the Feasibility Study
　　4. Survey of US Feasibility Studies
　　5. Lessons and Conclusions

　CHAPTER 6. The COSIMA Approach to Transport Decision Making: Combining Cost-benefit and Multi-criteria Analysis for Comprehensive Project Appraisal
　Steen Leleur
　　1. Introduction
　　2. COSIMA methodology
　　3. COSIMA decision conference
　　4. COSIMA software
　　5. Comparison of COSIMA to other approaches
　　6. Conclusions and perspectives
　　Appendix : Technical notes


PART IV. KOREA'S EXPERIENCES IN THE PRELIMINARY FEASIBILITY STUDIES

　CHAPTER 7. Preliminary Feasibility Study (PFS) : Performance and Challenges
　Hyeon PARK
　　1. Introduction
　　2. Performance
　　3. Challenges

　CHAPTER 8. Implementation System and Analysis Methodologies of the Preliminary Studies
　Kang-Soo Kim and Jeong Whon Yu
　　1. Introduction
　　2. Framework of the Preliminary Feasibility Studies (PFS)
　　3. Methodologies focusing transport projects
　　4. Conclusions

　CHAPTER 9. Beyond Technical Information Providers: The Expanded Role of Policy Analysts of Public Investment in Korea
　Kilkon Ko
　　1. Introduction
　　2. The Unusual Success of Policy Analysis of Public Investment in the Korean Government
　　3. Political Expectations to the Policy Analysis
　　4. The External Demand of Rational Public Investment
　　5. Enhancing the Accuracy of Analysis
　　6. Explicit Judgment Model Preventing Arbitrary Interpretation
　　7. The Responses to the Adoption of PFS by Politicians and Bureaucrats
　　8. Conclusion
　　Appendix. KDI AHP Process