Researchers have recommended changes to how the DfT assesses the long-term benefits of transport projects. The Department commissioned the Institute for Transport Studies at the University of Leeds and consultant Arup to look at current practice for considering the benefits of transport investments beyond 20 years.
Since 2002, transport projects have been appraised over a 60-year period, in line with Treasury guidance. However, to reflect uncertainty in long-term forecasts, the DfT imposes...
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