Skip to main content

Transport Schemes (Cost-Benefit Ratios)

Volume 447: debated on Thursday 22 June 2006

To ask the Secretary of State for Transport which major transport schemes agreed over the last two years in London have cost-benefit ratios below 2. (78141)

[holding answer 19 June 2006]: In the past two years the Department has approved two London projects that have a benefit-cost ratio below 2: the fit out of the Thameslink Midland Road box; and the King’s Cross LUL Northern ticket hall. Both projects fall within the medium value for money category (benefit-cost ratios in the range to 1.5 to 2).

The Department does not hold comprehensive benefit-cost information on projects approved by Transport for London.