NIC kicks time savings out the park with new urban appraisal method

The National Infrastructure Commission is proposing a new method to determine transport infrastructure funding allocations between cities, which could also be used to appraise individual projects. Andrew Forster reports

How should the Government decide how much transport capital grant different urban areas receive? A per capita allocation may seem the fairest way, but the National Infrastructure Commission has come up with a  method based on transport capacity and prospects for economic growth.   

“The approach could become a useful tool to help allocating development funding to cities,” says the Commission’s report, Capturing the value of urban transport investments. It says...

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