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Rail scheme appraisal is based on absurd economics

Paul Withrington, Director, Transport Watch, Northampton NN2
19 April 2013
 

What a relief it was to read Professor Cochrane’s measured article about Richard Beeching (‘Revisiting Dr Beeching – the butcher or the moderniser of the railway?’ LTT 05 Apr). The professor rightly points out that the Great Doctor was mainly right and the only failing was to overlook the immense value that these superbly engineered routes would have as roads. 

Likewise it was a relief to find Mike Crowhurst bewailing the subtraction of tax lost in the benefit:cost...

+75% more

 

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