Figures misleading

Updated April 23 2018 - 8:39pm, first published June 16 2015 - 8:03pm

In his article on the light rail proposal ("Rail supporters miss mark", Times2, June 12, p1) David Hughes compares the proposal's benefit-cost ratio unfavourably with the London Crossrail BCR. What he didn't mention is that the two BCRs are not comparable – the London proposal used a discount rate for future costs and benefits of 3.5per cent a year (in accordance with UK Treasury guidelines), while the Capital Metro Business Case uses 7 per cent.

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