A number of different methodologies are currently used in the UK to appraise transport projects which are wholly or partly financed by central government. This report investigates the extent of consistency between existing methodologies. It makes some broad proposals about the design of a common methodology of cost-benefit analysis (CBA), which can then be located in a wider framework of appraisal of the kind currently favoured by the Government.
31 Jan 1999
Department of the Environment, Transport and the Regions, United Kingdom