According to Philip Bates, a director at Jacobs Consultancy, building a high-speed rail network in the UK could turn out to be an expensive mistake if we place too much reliance on traditional appraisal methods when assessing the potential for high-speed rail. This is because, he says, conventional appraisal methods rely far too heavily on journey time savings to justify investment in transport infrastructure in an age where a faster door-to-door journey is simply not that high a priority for...
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