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Title: ECONOMIC ANALYSIS OF HIGHWAY INVESTMENT: RECENT DEVELOPMENTS IN GREAT BRITAIN (ABRIDGMENT)
Accession Number: 00399869
Record Type: Component
Availability: Find a library where document is available Abstract: The problem of evaluating and assigning priority to proposed highway investments continues to pose difficulties, especially in an era of constrained highway budgets and increasing environmental awareness. In this paper recent developments in the economic analysis of highway investment in Great Britain are described. In Great Britain in the late 1970s, a major government inquiry (the Leitch Committee) criticized several elements of the Department of Transport's investment evaluation procedures. Particular attention was given to traffic forecasting methods, the treatment of uncertainty, the use of design standards, and the balance between economic and environmental impacts. The nature of these criticisms is described together with changes they have induced.
Supplemental Notes: Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems.
Monograph Accession #: 01419865
Authors: PEARMAN, A DBUTTON, K JEditors: Kaplan, Elizabeth WPagination: pp 39-42
Publication Date: 1984
Serial: ISBN: 0309037689
Media Type: Print
Features: References
(6)
TRT Terms: Geographic Terms: Subject Areas: Economics; Environment; Highways; Society; I10: Economics and Administration
Files: TRIS, TRB
Created Date: Feb 28 1986 12:00AM
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