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Some questions that we will consider… • What are travel time savings • Are travel time savings important to a scheme appraisal • Why would people pay to save travel time • How do we measure the value <strong>of</strong> travel time savings • How do values vary
Structure • Part 1: Introduction • Part 2: Defining travel time savings • Part 3: Business and freight travel time savings • Part 4: Non-work travel time savings • Part 5: Time savings in a <strong>for</strong>ecasting and appraisal • Part 6: Contentious issues • Part 7: Conclusions
Page 1: Institute for Transport Studies FAC
Page 5 and 6: Context In practical scheme apprais
Page 7 and 8: Part 2: Defining travel time saving
Page 9 and 10: What are travel time savings The va
Page 11 and 12: Part 3: Business and freight travel
Page 13 and 14: Part 4: Non-work travel time saving
Page 15 and 16: Non-work VTTS How it varies - empir
Page 17 and 18: Time savings in forecasting • Ess
Page 19 and 20: Part 5b: Time savings in an apprais
Page 21 and 22: The effect of income - national app
Page 23 and 24: Time savings and economic impact
Page 25 and 26: Small time savings • < 3 mins or
Page 27 and 28: Business travel: The productive use
Page 29 and 30: Summary • Can’t save time only

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