Railways: Finance
Lords · Question HL10758 · Tabled 6 Oct 2025 · Department for Transport · Official record
Answered 16 Oct 2025
Question
Asked by Lord Bradshaw
To ask His Majesty's Government whether they consider the current methods of assessing the benefits of major railway investment schemes, such as the recent proposals by Midland Connect, to be appropriate.
Answer
Answered by Lord Hendy of Richmond Hill, 16 Oct 2025
The approach recommended to assess benefits from rail investment schemes is set out in the Transport Analysis Guidance (TAG), which is based on HMT’s Green Book Guidance. Together, they set out the best practice guidance on assessing and evaluating polici...