The Evolution of London's Crossrail Scheme and the Development of the Department for Transport's Economic Appraisal Methods
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Cost benefit analysis has been used in the United Kingdom for the appraisal of road schemes over the past fifty years. It was less widely used for rail, where most investment was concerned with renewing the existing network. The Central London Rail Study (1988) used cost benefit analysis to address the problem of overcrowding on London.s rail...
