ECONOMIC ANALYSIS OF HIGHWAY INVESTMENT: RECENT DEVELOPMENTS IN GREAT BRITAIN (ABRIDGMENT)

The problem of evaluating and assigning priority to proposed highway investments continues to pose difficulties, especially in an era of constrained highway budgets and increasing environmental awareness. In this paper recent developments in the economic analysis of highway investment in Great Britain are described. In Great Britain in the late 1970s, a major government inquiry (the Leitch Committee) criticized several elements of the Department of Transport's investment evaluation procedures. Particular attention was given to traffic forecasting methods, the treatment of uncertainty, the use of design standards, and the balance between economic and environmental impacts. The nature of these criticisms is described together with changes they have induced.

Media Info

  • Media Type: Print
  • Features: References;
  • Pagination: pp 39-42
  • Monograph Title: Economic analysis of transportation investments and economic development
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00399869
  • Record Type: Publication
  • ISBN: 0309037689
  • Files: TRIS, TRB
  • Created Date: Feb 28 1986 12:00AM