This study suggests practices for assessing schemes where the benefits of pedestrianisation or townscape improvements have been a significant part of the business case.
The objectives of the study were to explore potential approaches to valuation by:
- reviewing the relevant literature;
- assessing the possible approaches to valuation of townscape and pedestrianisation,
- a willingness-to-pay pilot study, to test the feasibility of the preferred valuation technique
The Department for Transport has not included this study in WebTAG as it is not:
- generalised enough for direct application in the appraisal process.
Local authorities can, however, choose to apply the method outlined for use on a case by case basis.