The current debate about time savings and appraisal set me thinking about what happened in London’s Docklands, a topic raised by David Metz. The story is told in the book Extending the Jubilee Line by Jon Willis.
According to Willis, the original Docklands Light Railway proposal was appraised on cost-benefit terms, but the case did not stack up: benefits only covered half the costs. However, it was recognised that the line would enable the creation of extra jobs, and the implied cost of...
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