IDEAS home Printed from https://ideas.repec.org/p/oec/itfaab/2011-27-en.html
   My bibliography  Save this paper

The Evolution of London's Crossrail Scheme and the Development of the Department for Transport's Economic Appraisal Methods

Author

Listed:
  • Tom Worsley

    (University of Leeds)

Abstract

Cost benefit analysis has been used in the United Kingdom for the appraisal of road schemes over the past fifty years. It was less widely used for rail, where most investment was concerned with renewing the existing network. The Central London Rail Study (1988) used cost benefit analysis to address the problem of overcrowding on London.s rail network. The Crossrail scheme proposed in the Study was discontinued because of a recession and because of the priority given the developing links to London.s Docklands. Progress on Crossrail was resumed in 2002 at the same time as the Department.s appraisal methods were being revised to incorporate Wider Economic Benefits. The quantification of these additional benefits, the resolution of a source of funding and the role of the Mayor all influenced the Government.s decision that the scheme should be built. Identification of some of the Wider Benefits poses problems for transport models that are only partially resolved through the use of land use transport interaction models. Although the use of a Gross Value Added metric provides an alternative way of estimating the economic impacts of a scheme, it does not replace cost benefit analysis as a decision aid for government ministers.

Suggested Citation

  • Tom Worsley, 2011. "The Evolution of London's Crossrail Scheme and the Development of the Department for Transport's Economic Appraisal Methods," International Transport Forum Discussion Papers 2011/27, OECD Publishing.
  • Handle: RePEc:oec:itfaab:2011/27-en
    DOI: 10.1787/5kg0prk600jk-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/5kg0prk600jk-en
    Download Restriction: no

    File URL: https://libkey.io/10.1787/5kg0prk600jk-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Börjesson, Maria & Jonsson, R. Daniel & Lundberg, Mattias, 2014. "An ex-post CBA for the Stockholm Metro," Transportation Research Part A: Policy and Practice, Elsevier, vol. 70(C), pages 135-148.
    2. Leo Dobes & Joanne Leung, 2015. "Wider Economic Impacts in Transport Infrastructure Cost-Benefit Analysis - A Bridge Too Far?," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 22(1), pages 75-98.
    3. Eliasson, Jonas & Fosgerau, Mogens, 2019. "Cost-benefit analysis of transport improvements in the presence of spillovers, matching and an income tax," Economics of Transportation, Elsevier, vol. 18(C), pages 1-9.
    4. Börjesson, Maria & Jonsson, R. Daniel & Berglund, Svante & Almström, Peter, 2014. "Land-use impacts in transport appraisal," Research in Transportation Economics, Elsevier, vol. 47(C), pages 82-91.
    5. Börjesson, Maria & Jonsson, Daniel & Lundberg , Mattias, 2013. "An ex-post CBA for the Stockholm Metro," Working papers in Transport Economics 2013:34, CTS - Centre for Transport Studies Stockholm (KTH and VTI).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:itfaab:2011/27-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/itoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.