HS2 give the Benefit to Cost ratio for the wider project, Phase 1, 2a and 2b West, as 1.2. This means that, according to the modelling and analysis, for every £1 of taxpayers money spent £1.20 of benefits will be realised. The Department for Transportation have a classification system that converts the BCR into a Value for Money (VfM) rating. A BCR of 1.2 is within the ‘Low’ VfM category (1 to 1.5 BCR).
Value for Money: How does HS2 compare?
Value for Money: How does HS2 compare?
Value for Money: How does HS2 compare?
HS2 give the Benefit to Cost ratio for the wider project, Phase 1, 2a and 2b West, as 1.2. This means that, according to the modelling and analysis, for every £1 of taxpayers money spent £1.20 of benefits will be realised. The Department for Transportation have a classification system that converts the BCR into a Value for Money (VfM) rating. A BCR of 1.2 is within the ‘Low’ VfM category (1 to 1.5 BCR).