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

Pay more attention to VfM of spend, TfL told

Spending

21 September 2020
 

Transport for London does not pay enough attention to value for money when considering project business cases and prioritising investments, according to its Independent Investment Programme Advisory Group (IIPAG).

The IIPAG?provides independent assurance and advice to the mayor of London on TfL’s investment programme. It is chaired by Alison Munro, the first chief executive of Government company HS2 Ltd. 

“Business cases often do not appear to be a key driver of decisions such...

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