Environmental groups have criticised the Treasury’s project appraisal rules after discovering that the £13m cost increase to East Sussex County Council’s controversial Bexhill-Hastings link road has not affected the project’s value for money assessment.
The DfT has told the Campaign for Better Transport that the recalculated benefit:cost ratio for the scheme remains 1.5:1 despite the cost increase because Treasury rules deduct sunk costs from the BCR calculations. East...
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