Two reports for the DfT looking at congested values of travel time (CVTT) in transport modelling have been published.
The research was undertaken in applying congestion multipliers to values of travel time saving.
The first report, conducted by WSP and Mott MacDonald investigates the use of congested values of travel time in model forecasting and scheme appraisal. It develops a ‘proof of concept’ using the policy-responsive integrated strategy model (PRISM) of the West Midlands...
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