The DfT has announced forthcoming updates to its Transport Appraisal Guidance including the M4 High and Low Growth Scenarios.
Revised TAG Unit M4 - Forecasting and Uncertainty is expected to be released in May.
This change involves an adjustment to the High and Low Growth Scenarios, to align the range of uncertainty with the Common Analytical Scenarios. It also alerts users that DfT are planning a review of TAG Unit M4, focusing on Section 8 Modelling a Scenario – Rail Schemes.
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