Highways Magazine’s Post

Thoughts about Value for Money in a Roads Review. 'Value for money' does not represent all the strategic, welfare, environmental and economic criteria for road projects and programmes, but it is the main focus of the DfT's rapid internal review, and has its own history and definitions. At the heart is the calculation, as far as possible, of all the costs and benefits which can be measured in money terms, over its expected future life, using quantities like BCR (Benefit Cost Ratio) and NPV (Net Present Value). My first draft list of requirements now would be: 1. All calculations to be updated at minimum to post 2022 data, because of the important changes to national traffic projections in that year, plus allowance for effects of Brexit and Covid. 2. VFM to be calculated for all of the DfT Common Analytical Scenarios, as a test of robustness to future uncertainty, plus one extra scenario of potential national traffic reduction of 20% by 2050. 3. Current standards of dividing line between low, medium and high VFM to be applied. 4. As well as BCRs against nominal 'base' forecasts, carbon and congestion trajectories to be reported in absolute terms, ie distinguishing between improvement and deterioration. Suggestions for improvement welcome!

So critical to support the Infrastructure growth . This is critical to ensure we are taking the right steps to address the housing crisis across the nation

Did you know 71 percent of transit agencies are expected to reach significant budget deficits in the next five years? Our new blog explores this “fiscal cliff” and outlines ways leaders can leverage Strategic Portfolio Management to secure sustainable funding.

Advisory New E-way Bill Portal   #KDGupdates #Taxupdates #GSTupdates #Ewaybill

Autumn budget – what’s your prediction? UK Budget 2024: What’s in Store for Major Infrastructure Projects? With the UK budget around the corner, there’s a lot of speculation about what will be announced, especially in the world of infrastructure. Here’s a rundown of what we might expect. #transport #infrastructure #budget2024 https://lnkd.in/ecAxmbJg

Off Track: #NYC Has A Big Bill To Pay If It Wants To Upgrade Its Transport Infrastructure. The Metropolitan Transportation Authority (#MTA) is under a lot of pressure at the moment, and not just from disgruntled New Yorkers who’ve suffered another hellishcommute. The authority will declare its #capital budget for the 2025-2029 period by October 1, and two separate reports have called on the agency to cough up as much as $115B over 5 years to get NY’s public #transport back on track. The $115B estimate comes from the Citizens Budget Commission (CBC), an independent fiscal watchdog. Meanwhile, a report from the state comptroller Thomas DiNapoli last week suggested that the MTA needs anywhere between $57.8B and $92.2B to cover the costs of replacing old units, expanding the network, and improving accessibility — or (as the president of the CBC put it) “the basics”. Both analyses suggested that the MTA could struggle to meet those #financial thresholds, even with potential #revenue from New York’s paused congestion pricing plan taken into account. For the 2020-2024 Capital Program, which was approved shortly before Covid struck the US in earnest, the MTA pledged to invest nearly $55B into the region’s subways, buses, #railroads, and bridges/tunnels. According to the authority’s capital commitment figures in the years since, however, it will have fallen short of that target by the time it publishes plans for the coming period next month. Despite committing a record $11.4B in 2022 to revamp some of the busiest transit systems in the Western world, the MTA’s spending has slumped in the years since, dropping to $8B in 2023, and just $2.9B planned for this year.     JSesko@meridianfinance.com 818-914-9271 #tradecreditinsurance

Did you know 71 percent of transit agencies are expected to reach significant budget deficits in the next five years? Our new blog explores this “fiscal cliff” and outlines ways leaders can leverage Strategic Portfolio Management to secure sustainable funding.

Did you know 71 percent of transit agencies are expected to reach significant budget deficits in the next five years? Our new blog explores this “fiscal cliff” and outlines ways leaders can leverage Strategic Portfolio Management to secure sustainable funding.

Did you know 71 percent of transit agencies are expected to reach significant budget deficits in the next five years? Our new blog explores this “fiscal cliff” and outlines ways leaders can leverage Strategic Portfolio Management to secure sustainable funding.

Did you know 71 percent of transit agencies are expected to reach significant budget deficits in the next five years? Our new blog explores this “fiscal cliff” and outlines ways leaders can leverage Strategic Portfolio Management to secure sustainable funding.