This informs decision making in an increasing climate of scarce public sector resources. Robust appraisal is required to provide the evidence base to demonstrate that particular interventions generate the optimal value for money solutions to transport problems.
An increasingly important aspect of the transport appraisal process is identifying, measuring and valuing the economic impacts of transport projects, policies or programmes. Sound economic appraisal is crucial to carrying out robust cost benefit analysis and informing decision making.
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