Identiying and assessing the wider social and economic impacts otransport investments and policies is where CB Economics is at theoreront o innovation and practical application in the UK. Theseskills were widely applied and received considerable publicity in2009.
directed a study or the British Chambers oCommerce quantiying the economic impacts o hub airports in theUK and hence the economic impact o building Heathrow Airport’sthird runway. With a press conerence launch, the study was widelyreported in the media with a ollow-on article in The Times. Theresults were also presented at separate seminars to key sta withinDT and TL. Other airport work saw an assessment o the economicimpact o Waterord airport in Ireland on the regional economy onbehal o the airport operator.We continue to be asked to advise on Crossrail related matters. Thishas included updating the Wider Economic Benefts (Agglomeration)element o the economic case or the whole project and advisingon the regeneration impacts o additional stations along the route.A longer term project has been the development o the case and justifcation or seeking £300m in S106 contributions towardsCrossrail rom developers. This included
providingevidence to the examination in public o alterations to the LondonPlan.Building on our Crossrail expertise, Paul and
undertookthe economic appraisal o the DART Underground programme inDublin including the frst application o Wider Economic Benefts inIreland. This showed that the wider benefts o DART Undergroundwould be substantial, signifcantly boosting the case or the scheme.Adding to previous work, we undertook a detailed economicassessment o trafc signals or GLA Economics with the resultspresented at a packed conerence at City Hall which was describedas “a ascinating presentation” by the Guardian which showed theoverall economic benefts o trafc signals are signifcant but thereis also an economic case or removing or switching o some trafcsignals at less busy times. The same conerence also heard about ourrelated work or London First on the economic impacts o road workswhich sets out alternative ways o incentivising utility companies andhighway authorities to reduce the time taken or road works therebyreducing the associated congestion disbenefts.Having advised in 2008 on the wider economic and social impactso the Humber Bridge tolls, this year saw a similar exercise beingundertaken in relation to the tolls on the Mersey Road Tunnels by
.Other transport economic work o note included the economicappraisal o the Olympic Route Network and the Tottenham HaleGyratory which led to a successul unding application to centralgovernment. In addition we contributed the transport and economicinputs to a Policy Exchange research project examining the potentialto enhance passenger services on the River Thames (launched in theNew Year by Boris Johnson) and work or Newham setting out theeconomic case or Eurostar international services calling at Stratord.
Our ground breaking work on valuing enhancements to the publicrealm and the economic appraisal o walking and cycling continues tolead to new work.The year saw
conclude a three year evaluationproject or One NorthEast capturing the impact o quality o placeinvestments across the region (these include a range o investmentsin cultural acilities, streetscapes, parks and other public realm).Whilst or London Parks we developed a methodology to assist theprioritisation o capital and maintenance spending based on thebenefts to park users. For Canary Whar Ltd we investigated theeconomic and fnancial easibility o new Isle o Dogs erry services.Despite the economic downturn CB Economics continued to successully deliver high quality and innovative projects to a wide range o clients.Some o the year’s highlights are set out below.