The DfT has published its "Guidance on the Appraisal of Walking andCycling Schemes", drafted by Sustrans.
http://www.webtag.org.uk/webdocuments/3_Expert/14_Walking_Cycling/3.14.1.htm
Local Transport Today remarks that it shows cost:benefit ratios "far higher than almost all road or public transport investments"; this is done byassigning values to reductions in CO2, deaths saved as a result of fitness, reduced absenteeism, journey ambience etc
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