Contrasting approaches to transport scheme appraisal are clearly apparent as both the DfT and Welsh Government issue new guidance on their policies.
Whereas the DfT has sought to continue refining its established TAG formulae to cope with uncertainty, Wales is taking a fundamentally different approach. Its new WelTAG guidance switches the emphasis from detailed economic evaluation based on forecasts to a policy-driven framework aligning with the Welsh Government’s stated priorities...
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