Can we capture transformative impacts of projects?

In the fourth of our series of reports on workshops hosted by the DfT to explore ways of improving its WebTAG modelling and appraisal tools, Tony Venables summarises the discussion on the treatment of transformational investments

The DfT is currently involved in the assessment and/or delivery of schemes and programmes such as Crossrail 2, High Speed 2 and the Oxford to Cambridge Expressway that are expected to have transformational impacts on local and regional economies. Although a scheme’s size is not a pre-requisite for it to have transformational impacts; indeed a relatively small scheme can unlock land for development, the Department’s future work programme has raised the challenges of capturing such...

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