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DfT confirms changes to wider economic impact guidance

APPRAISAL

Andrew Forster
05 January 2018
 

The DfT has confirmed changes to the way wider economic impacts of transport projects are appraised, including advice on capturing the direct land-use impacts and how to report GDP/Gross Value Added impacts. 

Scheme promoters will be expected to prepare a context-specific economic narrative of their projects. The guidance also recommends as many as three levels of economic analysis for a project:

• level 1 – direct economic impacts in the transport market

• level 2 –...

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