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Longer appraisal ‘at odds with Treasury’

Appraisal

22 January 2021
 

The dft’s proposal to extend the appraisal period beyond 60 years goes “against the spirit” of the Treasury’s Green Book reforms, a consultant has said.

Consultant Steer makes the comment in its response to the DfT’s consultation on lengthening the appraisal period (LTT 08 Jan). 

The DfT said longer appraisals were likely to improve the benefit:cost ratio (BCR) of transport projects. But Steer points out that the Treasury’s reforms to the Green Book on...

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