The Bergamo-Albino tram line came into service in 2009. It is in reality a completely new infrastructure which, however, follows part of the route of the old Val Seriana railway line, which was closed in 1967. The article reviews the details of the project, - it is an extra-urban tramway in Italy built from scratch - outlines the decision-making process and gives an ex-post assessment almost two years after it started operating. The following is analysed: the demand predicted at the assessment stage and actual demand today; the costs, the technical characteristics; the cost-benefit analysis conducted when the decision to construct was taken. It is shown in particular how the cost-benefits analysis originally produced contained methodological errors, but that they were in favour of the project. Nevertheless, there is still room for improvement in the performance of the demand for the project and it is expected that the result will not be too negative and will become economically feasible in the long-term.
Keywords: Tram; Bergamo; cost-benefit analysis