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.

Subscribe now for unlimited access.

or signup to continue reading

All articles from our website & app
The digital version of Today's Paper
Breaking news alerts direct to your inbox
Interactive Crosswords, Sudoku and Trivia
All articles from the other in your area

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.