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Economics / Appraisal / BCR, Railways, Satellite navigation / Travel software / Modelling, All of UK
Guidance to aid new rail station forecasts
Guidance to help promoters of new rail stations forecast passenger demand has been published by the DfT.
The checklist is contained in a new report by consultant Steer Davies Gleave into the accuracy of forecasts for stations opened since rail privatisation in the 1990s.
SDG compared actual demand with the forecasts for 23 stations. Of these, nine had a variance of +/- 20%, the threshold SDG used for defining “reasonable accuracy”.
Overall, it found no tendency to under or...