What was the benefit:cost ratio on the public investment in the M1, Britain’s first full-length motorway opened in 1959? How did the before traffic estimates and the outcomes compare? Similarly, when the development of Heathrow as London’s main airport after World War 2 took place, how was the decision made? Or, for that matter, what were the numbers that justified the construction of the Great Western Railway from London to Bristol?
Plenty of similar decisions have been made in the...
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