Sub story to regular feature: Issue 518 24 Apr 2009
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Economics / Appraisal / BCR, General transport / Mode, Satellite navigation / Travel software / Modelling, All of UK
Capturing wider economic impacts
Agglomeration impacts should be assessed for schemes costing more than £20m in Functional Urban Regions (FURs)Andrew Forster
Agglomeration impacts are only likely to be significant if the transport scheme serves defined urban areas, according to new draft guidance on appraising the wider economic impacts of transport investment.
Transport schemes can have a number of impacts on the economy that are not captured in the traditional Transport Economic Efficiency (TEE) assessment of a scheme.
Agglomeration benefits are the additional economic productivity that can arise if a transport scheme improves the accessibility of...
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