Abstract
The main goal of this article is to present the results of evaluation of feasibility of the construction of high-speed rails in the Czech Republic. In this context, an original methodology of multi-criteria analysis of transport infrastructure projects was created, including the criteria of integration, relevance, usefulness, stimulation and sustainability. On the basis of its application, practically usable information was obtained, enabling a comprehensive focused comparison of the four main planned high-speed rails in conditions of objective uncertainty about future benefits and risks. The route connecting Prague with Brno and Ostrava (with a cross-border connection with Polish Katowice) was evaluated as the most useful. The knowledge gained is then discussed from the point of view of the most important stakeholders through relevant scenarios, i.e. investor, business and citizen scenarios. Overall, it can be stated that the used evaluation methodology puts the main emphasis on potential production of positive externalities and minimization of adverse impacts generated by the implementation of the given projects.