Motorway economics
1st April 1977, Page 17
1st April 1977
Page 17
Page 17, 1st April 1977
— Motorway economics
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
Keywords :
Heeley, Welfare Economics, Frank Hooley, Cost, Sheffield Heeley, Sheffield, Economics, Social Issues
HOW IS the economic value of a motorway worked out?
That was what Frank Hooley (Labour, Sheffield, Heeley) wanted to know.
William Rodgers, Transport Minister, in a written Commons reply, said: "Cost-benefit analysis can be used to quantify some of the benefits of a road scheme, while others must be assessed qualitatively. "A scheme is considered non-viable if, taking all factors into account, benefits appear insufficient to justify the costs."