Latest news:
Regular news: Issue 462 15 Feb 2007

Money value put on non-use benefits of rail and bus services

Promoters of some rail station openings or closures and bus service withdrawals and introductions will be able to apply monetary valuations to the non-use values that people get from having the service available, according to new DfT guidance.

The appraisal guidance distinguishes between two types of value: option values and non-use values. Option values represent the willingness of someone to pay to preserve the option of using a transport service over and above the expected value of any such...

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