Source · Select Committees · Welsh Affairs Committee
Recommendation 14
14
Paragraph: 105
We welcome the changes announced in the 2021 Spending Review which will reform the process...
Recommendation
We welcome the changes announced in the 2021 Spending Review which will reform the process by which the Treasury evaluates infrastructure projects. It is imperative that the Treasury’s approach to evaluating rail infrastructure proposals takes account of a broader range of factors, such as regional economic inequalities and environmental benefits, than just benefit cost ratios. In light of the forthcoming publication of the Union Connectivity Review, we recommend that the evaluation process for rail infrastructure proposals in Wales factors in the UK Government’s strategic ambitions to strengthen connections between all parts of the UK.
Paragraph Reference:
105
Government Response
Acknowledged
HM Government
Acknowledged
DfT continues to ensure the principles of HMT’s review feed through into its work, and has recently published revised Transport Business Case guidance, in response to the HMT Green Book Review. This guidance sets out the importance of maintaining strong strategic coherence throughout business cases; developing investment proposals that contribute to achieving our strategic priorities such as levelling up and decarbonisation; and the need to undertake distributional analysis and assessing place-based impacts for transport.