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Written question asked by Lord Lipsey (Labour) on Monday, 7 October 2019, in the House of Lords. It was due for an answer on Monday, 21 October 2019. It was answered by Baroness Vere of Norbiton (Conservative) on Tuesday, 8 October 2019 on behalf of the Department for Transport.


M4

Question

To ask Her Majesty's Government, further to the Written Answer by Baroness Sugg on 4 April (HL14781), what discount rate they applied to the forecasted benefits.

Answer

The benefits of the scheme were calculated over a 60-year period. The discount rate applied to the forecasted benefits was 3.5% each year for the first 30 years and 3% each year for the next 30 years, as stipulated in the HM Treasury’s “The Green Book: Central Government Guidance on Appraisal and Evaluation


Secondary information

Type
Written question
Reference
HL18044
Session
2017-19
Related items
M4: Speed Limits
Thursday, 4 April 2019
Written questions
House of Lords
Subjects
M4
Link
View this Written question on www.parliament.uk