The DfT has published a method for monetising the benefits of pedestrianisation and other urban realm schemes.
The method is explained in a research report commissioned by the DfT from consultant Atkins and the Institute for Transport Studies at the University of Leeds. The research was completed in January 2011 but only released last week.
In a note accompanying the report, the Department says: “WebTAG [transport appraisal guidance] currently has no guidelines for monetising the...
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