Investment appraisal for sustainable ports

The sustainable development of a port is of vital economic and financial importance. Flexible designs and innovative solutions help to advance sustainability goals by addressing future uncertainty and risk. Lack of a suitable decision-making procedure or improper utilization of the standard analytical and evaluation techniques should not be allowed to stand in the way of flexibility. This paper illustrates how investment appraisal procedure in the port sector (or other infrastructure sectors) can be adapted, so that flexibility and sustainability considerations are integrated in the standard procedures, through a case study of Port of Rotterdam.