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

FOI, 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 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

 

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FOI, Transport for London

2 Attachments

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.

 

Please note that in accordance with TfL’s obligations under the Data
Protection Act 1998 (DPA) any personal data has been removed, as required
by Regulation 13 of the Environmental Information Regulations. This is
because disclosure of this personal data would be a breach of the DPA,
specifically the first principle of the DPA, which requires all processing
of personal data to be fair and lawful. It would not be fair to disclose
this personal information when the individuals have no expectation it
would be disclosed and TfL has not satisfied one of the conditions of
Schedule 2 of the Data Protection Act which would make the processing
‘fair’.

 

This exemption to the right of access to information is an absolute
exemption and not subject to an assessment of whether the public interest
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
appeal as well as information on copyright and what to do if you would
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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