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Economics / Appraisal / BCR, Pricing / Charging / Tolling, Railways, Road building, All of UK
Rail studies throw up more questions than answers
Mike Crowhurst, Chairman, Rail Future, Leeds
John Dodgson’s report for the RAC Foundation prompts several questions. First, how has he treated the vexed question of revenue from fuel tax, bearing in mind the debate in the ongoing NATA?review? If it is treated as a benefit then it is hardly surprising that highway schemes perform so well. And what carbon price is he using, the DfT price or the real price? Secondly, there is the issue of how small time savings are handled. Highway schemes typically give a small time saving for a large...
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