Transport: Finance
The question
To ask the Chancellor of the Exchequer, with reference to page 11 of her Department's document entitled Fixing the Foundations: Public spending audit 2024-25, CP 1133, how her Department evaluated which transport commitments were considered low value.
Answered by Darren Jones
This government wants to ensure that public spending on transport infrastructure drives economic growth and delivers value for money for taxpayers.
Transport schemes are assessed in accordance with the principles set out in the Green Book. The Green Book is the central government guidance on appraising policy options and ensuring that they represent good value for money. In this context, ‘low value’ means low value for money, taking account of the costs and benefits of these schemes.
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