The treatment of time savings in transport appraisal favours urban over inter-urban projects, according to researchers.
The DfT and Transport Scotland currently use an ‘equity’ value of time for non-work trips irrespective of travellers’ income levels or distance travelled (different values apply to ‘commuting’ and ‘other non-work purposes’). The equity value is justified on the basis of fairness – for instance, preventing investment...
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