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DfT calls for evidence from the analytical community on effects of transport investment on economic performance

The Department for Transport has today issued a call for evidence for a research project that it has commissioned to better understand the impact of transport infrastructure on economic performance.

In October 2013 the Department published the paper Understanding and Valuing the Impacts of Transport Investment that set out its intention to undertake a comprehensive survey of the theoretical and empirical evidence for the potential growth impacts of proposed infrastructure projects and programmes of expenditure.

Claimed as an independent academic report undertaken by Professor Tony Venables, Professor Henry Overman, and Dr James Laird, DfT’s appraisal methodology is stated to be comprehensive while also capapble of being continually updated and improved.

 

Towards a better understanding of how transport affects economic performance and review the methods used

The DfT stated that the study is meant to refresh understanding of the mechanisms by which transport affects economic performance, plus it will also review the arguments and evidence that the scope of economic impacts from transport investment captured by the current framework and methods should be widened.

As part of the project the DfT have asked members of the analytical community to submit relevant academic evidence on:

  • The impact of transport investment on economic performance;
  • The extent to which the impacts of transport investment on economic performance are captured by the current appraisal framework and modelling methods
  • Quantitative evidence of the relative scale of any impacts not currently captured by the DfT appraisal framework.

 

Emailed submissions by 21 March

To respond to the call for evidence, send responses to TIEP@dft.gsi.gov.uk by 21 March 2014.

Any responses could be published as part of a freedom of information request

  

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