Abstract Paper is aimed at indicating a possible combination of economic and technical tools, which will allow an investor active in the transport sector to select the most effective project. Authors explains the terms of profitability and effectiveness and shows the methods for their calculation. The described profitability indices allow – to a various degree and at various designing stages – supporting the decision-making process taking into consideration the risk degree, the investment life or a variable time value of money. Instead, the effectiveness indicators present comprehensive methods for projects assessment taking into account not only financial issues, but also technical or social ones.


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