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New forecasting guidance would cut BCR

20 January 2012
 

The DfT has defended the use of old guidance for predicting HS2 demand, which critics say has inflated the passenger forecasts. The debate centres around which version of rail industry bible the Passenger Demand Forecasting Handbook should be used for the forecasting.

Whereas the Department has used Versions 4.0 and 4.1, critics such as  economists Chris Castles and David Parish say the forecasts should have been based on Version 5.1. In a report published by the RAC Foundation late last...

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