NERA Leads Development of Evaluation Guidance for Major Transport Schemes

14 November 2005

NERA Economic Consulting, along with MVA and David Simmonds Consulting, has been appointed by the Department for Transport (DfT) to develop new guidance on the evaluation of major local transport schemes.

Major schemes, typically costing more than £5m, represent a significant proportion of DfT expenditure on local transport. There is a clear need to assess the processes of implementing a scheme and the impacts of the investment to demonstrate value for money and inform future policy-making.

The guidance will set out what the DfT requires from an evaluation and provide high-level advice on methodological and practical issues. It is primarily aimed as a management guide for those involved in promoting and assessing major schemes, but it will also help local authorities in planning and commissioning robust evaluations.

The project will run from the end of October 2005 to March 2006. Those wishing to participate in the consultation phase should contact Jacqui Dunning, MVA.

Please direct further inquiries to:

Michael Spackman
NERA Special Consultant
+44 20 7659 8660

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.