To secure funding and investment for transport interventions a sound evidence base is required to demonstrate value for money. For the public sector, value for money is obtained by investing in interventions where economic, social and environmental impacts outweigh the costs.
Our transport economics team has considerable experience of undertaking appraisals of transport schemes, policies or programmes using the techniques, principles and methodologies recommended in best practice guidance such as Department for Transport's WebTAG or Transport Scotland’s Scottish Transport Appraisal Guidance. Our team has considerable applied experience in advising local and central governments on the economic appraisal of transport schemes, option appraisal, monitoring and evaluation, cost benefit analysis, demand forecasting and economic impact assessments. We have also successfully supported a number of clients in developing business cases for transport projects in line with HM Treasury Green Book and five-case model appraisal guidance. These include private sector developers and local authorities.
The transport economics team is supported by colleagues with long-term experience in transport modelling, stakeholder engagement, scheme design and costing, and safety, environmental and financial analysis.