An Economic Evaluation of Local Bus Infrastructure Schemes
The document titled "An Economic Evaluation of Local Bus Infrastructure Schemes" discusses the economic evaluation of five different bus infrastructure schemes implemented in the UK. The authors highlight the importance of bus infrastructure in improving local public transportation, reducing emissions, and increasing mobility. The report also provides a detailed analysis of each scheme's economic feasibility, including costs, benefits, and economic appraisal. The findings suggest that bus infrastructure schemes have a positive net present value (NPV), indicating that the benefits outweigh the costs, and generate considerable economic, social, and environmental benefits.