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The Government must utilise accurate, sensitive analytical tools to ensure that the projects that best...
Recommendation
The Government must utilise accurate, sensitive analytical tools to ensure that the projects that best support connectivity, growth and productivity are the ones that get built. In that context, benefit-cost ratios are useful, but they fail to capture regional inequalities and environmental and social factors. The Government must replace benefit-cost ratios with a “benefit-cost plus” system, which not only takes account of costs and benefits and therefore ensures value for money for the taxpayer, but captures regional inequalities and environmental and social factors.
Paragraph Reference
34
Source
Committee
Transport Committee
Report
Second Report - Major transport infrastructure projects
29 Sep 2021
HC 24
Addressee Bodies
Department for Transport
Timeline
Recommendation age
4.7 yrs
Report published
29 Sep 2021