Rates of return19 Jun 2009

Most bangs for your buck?

At a time when every penny counts more than ever, are taxpayers getting the best value for money for each pound spent on transport projects? Are decisions being made on the basis of benefit/cost ratios or is politics distorting the process?

John Dodgson looks at historic data to assess whether road schemes offer the best way of spending public money in an era of austerity.