England’s mandatory concessionary fares scheme for bus travel represents low or at best medium value for money, according to a DfT assessment.
A conventional cost:benefit analysis of the English National Concessionary Travel Scheme (ENCTS) produced a benefit:cost ratio of 1.16:1, which represents low value for money in the DfT’s classification system. The BCR rose to 1.40 in a sensitivity test that considered more benefits, and the DfT says that the inclusion of other...
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