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News category: Economics / Appraisal / BCR

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Local Transport Today
Regular news
Very few of the Highways Agency major road schemes built in recent years appear to have induced additional traffic. For the purpose of its analysis,... continue
Local Transport Today
Letters to the editor
Denise Carlo, Norwich and Norfolk Transport Action Group Norwich NR2
Ministerial approval of the A47 Postwick Hub on the edge of Norwich is an illustration of a transport decision being made on political criteria as... continue
Local Transport Today
Main editorial comment
Local Transport Today
The UK is internationally renowned for having expertise in transport appraisal, even if there remains a lively debate about whether our methods... continue
Local Transport Today
Phil Goodwin
Phil Goodwin
I don’t know whether Christian Wolmar, Terry Pratchett and Nicole Kidman know each other, and to ask them would spoil a most agreeable fantasy... continue
Local Transport Today
Regular news
Lee Baker
The Highways Agency claims that the majority of its traffic flows are accurate, and that the accuracy of forecasts is improving over time. It has... continue
Local Transport Today
Secondary stories
The Government this week approved Norfolk County Council’s plans for a new £19m road junction on the eastern edge of Norwich despite it... continue
Local Transport Today
Regular news
The DfT has revealed how it adjusts transport scheme benefit:cost ratios (BCRs) to reflect a project’s impact on matters such as journey time... continue
Local Transport Today
Regular news
Andrew Forster
The DfT says consultant KPMG’s controversial analysis of the economic benefits of High Speed 2 is based on “sound economic theory”... continue
Local Transport Today
Letters to the editor
Tom Worsley, Institute for Transport Studies, University of Leeds, Leeds LS2
The DfT’s analysts are to be congratulated on the way in which they are developing the analytical strategy announced in their recent... continue
Local Transport Today
Viewpoint
Peter Mackie, University of Leeds
It is a feature of many big transport projects that they go through massive wobbles. The third London Airport, the Channel Tunnel, HS1 and Crossrail... continue
Local Transport Today
Regular news
Andrew Forster
The DfT has appointed consultants to develop a tool for monetising the benefits of  spending on local road maintenance outside... continue
Local Transport Today
Letters to the editor
Graham Nalty, Derby DE24
The last issue has two very interesting articles on HS2. The first is the KPMG analysis of HS2 benefits (‘Sparks fly as academics contest... continue
Local Transport Today
Main editorial comment
Local Transport Today
The Hybrid Bill for the first phase of the Government’s high-speed rail project arrived safely and on time in Parliament this week but whether... continue
Local Transport Today
Regular news
The DfT this week explained why the monetary benefits to business travellers of high-speed rail have shot up even though the value of time saved by... continue
Local Transport Today
Regular news
Andrew Forster
Transport for London is to review how it appraises transport projects, including the treatment of time savings, wider economic benefits, impacts on... continue
Local Transport Today
Analysis
Andrew Forster
It’s not every day that a committee of MPs pores over the detail of a transport consultant’s report. But that’s what happened last... continue
Local Transport Today
Letters to the editor
Roger Davies, Kendal LA9
A high spot on TV in my youth was the Whitehall Farce series starring Brian Rix and Elspeth Grey. Events gradually descended into farcical chaos,... continue
Local Transport Today
Letters to the editor
Alan Wenban-Smith, Urban & Regional Policy, Birmingham B13
Over the last few weeks HS2 has been taking heavy fire, and not just from NIMBYs. Reports suggest that Labour will want to look critically at... continue
Local Transport Today
Sub story to feature
Gordon Baker, Managing director of JMP Consultants
Debate continues over both the affordability of transport investments and the best way of meeting future travel demand to achieve sustainable... continue
Local Transport Today
Interview
Professor Phil Goodwin
Last year the theme of the increasingly important annual conference on smarter choices was ‘Rebooting’, and this year it will be... continue
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