Feasibility Study on Evaluation of Air Transport White Paper

28 July 2006

London/28 July 2006 -- The UK Department for Transport (DfT) has commissioned NERA Economic Consulting to create an evaluation strategy for future evaluations of the policies set out in the 2003 Future of Air Transport White Paper. The White Paper establishes a strategic framework for the future of air transport in the UK. It includes statements of Government support for specific airport runway and terminal enhancements, and policy positions on noise and other environmental impacts, as well as other aspects of aviation including the promotion of Route Development Funds. The evaluation strategy will establish a methodological framework for monitoring and evaluating the effectiveness and impact of the policies set out the White Paper over the period 2003-2030. This was one of the commitments of the White Paper.

NERA's London office was established in 1985 and now has over 50 full-time economists, covering the transport, energy, telecommunications, health, and water sectors, and competition policy. The firm combines the rigours of an academic approach with wide practical experience in the public and private sectors.

NERA, in conjunction with MVA, also recently completed work for DfT to develop guidance on the evaluation of major English local transport schemes.

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.