Review of economic assessment in rural transport appraisal

This review is part of Transport Scotland's on-going commitment to the maintenance of the Scottish Transport Appraisal Guidance (STAG). It aims toconsider the tools and procedures presented in STAG for appraisal againstthe Economy Criterion and assess their application in the context of rural transport schemes. The distinguishing feature of the rural environment is considered to be a lack of alternatives and choices. The review concentrates on four core concepts relevant to such areas: scheduling costs, option and non-use behaviour, the value of induced traffic and wider rural economic benefits. Each concept is discussed, evidence presented and a number of case studies examined. Recommendations are made for how each concept can be incorporated into STAG. It is suggested that the inclusion of scheduling costs, option and non-use values and wider economic benefits in an appraisal can have a marked impact on the predicted economic benefit. The review also confirms that an appropriate way to include the value of induced traffic in an appraisal is through the use of the Rule of Half convention.

  • Corporate Authors:

    SCOTTISH GOVERNMENT

    VICTORIA QUAYýEDINBURGH
    ,   United Kingdom  EH6 6QQ
  • Authors:
    • LAIRD, J
    • MACKIE, P
  • Publication Date: 2009

Language

  • English

Media Info

  • Pagination: 96p

Subject/Index Terms

Filing Info

  • Accession Number: 01148844
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD
  • Created Date: Jan 25 2010 8:53AM