Guidelines for Cost Benefit Analyses
Dear Transport for London,
Please provide all and any documentation that guides the use of cost-benefit analysis within Transport for London, particularly the Planning directorate.
Please also provide any documents that outline TfL's typical required or expected rate of return for judging investment in transportation projects. For example, these may take the form of 'hurdle rates' for benefit:cost ratios, internal rates of return, or other similar metrics.
Yours faithfully
Tom Seymour
Dear Mr Seymour
TfL Ref: FOI-2263-1314
Thank you for your email which we received on 17 February 2014 asking for
information about guidelines for Cost Benefit Analyses.
Your request will be processed in accordance with the requirements of the
Freedom of Information Act and our information access policy.
A response will be provided to you by 18 March 2014.
In the meantime, if you would like to discuss this matter further, please
do not hesitate to contact me.
Yours sincerely
Eva Hextall
FOI Case Officer
FOI Case Management Team
General Counsel
Transport for London
Dear Mr Seymour
TfL Ref: FOI-2263-1314
Thank you for your email which we received on 17 February 2014 asking for
information about guidelines for Cost Benefit Analyses.
Your request has been considered in accordance with the requirements of
the Freedom of Information Act and our information access policy. I can
confirm we hold some of the information you require.
Please find attached the current Business Case Development Manual which
provides answers to your questions. A business case must be made for any
proposal for change. A number of areas are taken into consideration as
part of the business case which includes cost benefit appraisals. The cost
benefit appraisal doesn’t just look at the financial costs but also takes
into account the benefits to passengers.
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favours use of the exemption.
If this is not the information you are looking for, or if you are unable
to access it for some reason, please do not hesitate to contact me.
Please see the attached information sheet for details of your right to
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like to re-use any of the information we have disclosed.
Yours sincerely
Eva Hextall
FOI Case Officer
FOI Case Management Team
General Counsel
Transport for London
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