Volterra reviews TfL’s Economic Appraisal Guidance

New RoutemasterThe Volterra team recently undertook a review of the transport appraisal guidance used by Transport for London (TfL). The review focused on improving the current Business Case Development Manual, which is used by TfL to determine if a new transport scheme should be given funding. We were able to give insights across a range of issues, prioritised according to the extent to which they were relevant to TfL’s investment programme and by how much they might change the valuation. Our topics included wider economic benefits, the economics of cycling, rail crowding and how it is incorporated into transport appraisals, use of multi criteria analysis for better decision making and valuation of business time savings. The recommendations of our review will help shape transport appraisal in London into the future.

Image: The New Routemaster by Magnus D licensed under CC BY 2.0

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ELLIE EVANS

Partner

e: eevans@volterra.co.uk
t: +44 020 8878 6333

Ellie is a partner at Volterra, specialising in the economic impact of developments and proposals, and manages many of the company’s projects on economic impact, regeneration, transport and development.

With thirteen years experience at Volterra delivering high quality projects to clients across the public and private sector, Ellie has expertise in developing methods of estimating economic impact where complex issues exist with regards to deadweight, displacement and additionality.

Ellie has significant experience in estimating the economic impact across all types of property development including residential, leisure, office and mixed use schemes.

Project management of recent high profile schemes include the luxury hotel London Peninsula, Battersea Power Station and the Nova scheme at London Victoria. Ellie has also led studies across the country estimating the economic and regeneration impact of proposed transport investments, including studies on HS2 and Crossrail.

Ellie holds a degree in Mathematics and Economics from the University of Cambridge.