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New values of time favour inter-urban transport projects

Stephen Plowden, London NW1
02 September 2016
The value of time

 

The new rules for evaluating travel time savings for people travelling on employers’ business are based on the idea that the values measure “the change in total welfare as a result of quicker business journeys” (‘DfT confirms new travel time values for project appraisal’ LTT 19 Aug). This is the fallacy criticised in my letter you published in the same issue (‘GDP appraisals are sending transport down the wrong road’).

Everybody, from the Prime Minister...

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