The second Road Investment Strategy for England represents high value for money, says a DfT report published this week.
RIS2 covers the five-year period 2020/21 to 2024/25 during which Highways England will spend £27.4bn on the operation, maintenance, renewal and enhancement of its network.
The report says the overall package of spend offers high value for money (a benefit:cost ratio of between 2 and 4). The operations, maintenance and renewals expenditure represents very high value (a BCR?of over 4), the enhancement schemes collectively are high, and the designated funds collectively are high/very high.
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