The revised WelTAG (Welsh Transport Appraisal Guidance), due out later this year, will shift emphasis in appraisals from time savings to wellbeing and the environment, states the Regulatory Impact Assessment (RIA) of the 20mph default limit.
Where a benefit-cost ratio (BCR) is required, the revised WelTAG will require it to be calculated with and without the value of time monetised.
One of the reasons for the WeITAG update is “that the present appraisal processes may elevate certain...
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