The NZ Transport Agency’s transport appraisal framework

Authors

  • Ernest Alberquerque

DOI:

https://doi.org/10.26686/pq.v9i4.4472

Keywords:

NZ Transport Agency (NZTA), low benefit-cost ratios, land-use development, Transport investments, Economic Evaluation Manual

Abstract

In a recent article in Policy Quarterly (August 2013) Michael Pickford claimed that economic efficiency (as determined by social cost-benefit analysis) has declined in importance as a factor in determining investment in state highways. He claims that this has led to the NZ Transport Agency investing in state highway projects with low benefit-cost ratios, such as the roads of national significance. This reply explains why Pickford’s assertions are not correct. 

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Policy Quarterly volume 9 number 4 2013

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Published

2013-11-01

Issue

Vol. 9 No. 4 (2013): Policy Quarterly

Section

Articles

License

Permission: In the interest of promoting debate and wider dissemination, the IGPS encourages use of all or part of the articles appearing in PQ, where there is no element of commercial gain. Appropriate acknowledgement of both author and source should be made in all cases. The IGPS retains copyright. Please direct requests for permission to reprint articles from this publication to igps@vuw.ac.nz.