Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Value for money of DfT spending falls

28 September 2018
 

The percentage of the DfT’s expenditure that was on projects assessed to be ‘high’ or ‘very high’ value for money (a benefit:cost ratio between 2 and 4 and greater than 4 respectively) slumped from 95 per cent in 2016 to 71 per cent in 2017, according to the Department’s annual report and accounts. The accounts also show the DfT received £18.7bn of funding from the Treasury in 2017/18 and £6.1bn from other sources, principally train operating...

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