Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Cost benefit analysis: a false justification for rail projects

Paul Withrington, Director, Transport-Watch, Northampton NN2
08 July 2016
 

Norman Bradbury says that the Government receives a surplus from the train operators (Letters LTT 10 June). Readers may like to know that, at 2012/13 prices and for Control Period 5, Network Rail forecasts expenditure of £38.3bn. Finance costs may increase that to £44.6bn. That is to be funded by grant of circa £20bn, income from the train operating companies etc. and, of course, from borrowing. The accumulated total for the latter is set to exceed £40bn, never to be...

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