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Sub story to feature: Issue 547 11 Jun 2010

What should we appraise, and how?

David Simmonds, David Simmonds Consultancy.

Travel time savings, estimated on the assumption of unchanging land uses, are a major component of WebTAG economic efficiency appraisals, explains independent consultant David Simmonds. And there is wide agreement that these are in many respects a proxy for benefits that ultimately take other forms, ranging from improved business productivity to people enjoying increased opportunities of where to live, or practice leisure activities.

“The theory behind present practice accepts that...

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