Longer appraisal periods are likely to improve the benefit:cost ratios of transport infrastructure projects, says the DfT in a consultation that proposes lengthening the period beyond 60 years.
Sixty years is the Treasury’s default maximum appraisal period for spending departments. Shorter appraisal lifes are used for assets with a shorter lifespan and longer appraisal periods can also be used, subject to approval from the relevant project authority. HS2 Ltd recently assessed the...
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