Document 1  - 14 pages

Title - Parameter Values for Use in Cost-Benefit Analysis of Transport Projects September 2004

This document provides information on the parameter values to be applied in the economic appraisal of transport projects, as recommended by the Department of Transport. The parameter values covered by this note relate to:

·        The value of time;

·        Accident costs; and

·        Vehicle operating costs.

The document also advises on real growth rates to be applied to these parameter values.

Document 2  - 82 pages

Title - Cost Benefit Parameters and Application Rules for Transport Project Appraisal: Rationale and Calculation Methodology August 2004

This report, compiled by Goodbody Economic Consultants and Atkins and published here by the Department as background to the Parameter Values recommendations, sets out the rationale for the recommended transport parameter values and the calculation methodology used. It also includes the consultants examination of issues in the cost benefit analysis process and of issues surrounding the establishment and valuation of generic environmental parameter values.