Rates of return on public spending on transport

The Eddington Transport Study recommended that the UK Government prioritise spending on transport to get the highest rates of return per £1 spent. The DfT has been tasked with demonstrating the Value for Money (VfM) of projects, the success of which will be judged over three years. Average benefit cost ratios (BCRs) are highest for highway schemes and high speed rail BCRs are much lower than often assumed and there tends to be an over reliance on wider economic benefits. Problems with the interpretation of BCRs are discussed. There is a great deal of evidence available on BCRs and, even after accounting for non-monetarised environmental impacts, highway schemes often give better value for money than public transport schemes

• Record URL:
  http://www.racfoundation.org/assets/rac_foundation/content/downloadables/rates%20of%20return%20-%20dodgson%20-%20190609%20-%20report.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/.
• Authors:
  • DODGSON, J
• Publication Date: 2009

Language

• English

Media Info

• Pagination: 33p
• Serial:
  • Issue Number: 09/103

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Economics; Federal government; Financing; Local government agencies; Transportation
• Geographic Terms: United Kingdom
• ITRD Terms: 226: Cost benefit analysis; 263: Economics of transport; 244: Financing; 183: Government (national); 192: Local authority; 8119: United Kingdom
• Subject Areas: Economics; I10: Economics and Administration; I21: Planning of Transport Infrastructure; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01336496
• Record Type: Publication
• Source Agency: TRL
• Files: ITRD
• Created Date: Apr 15 2011 3:46PM