Research and analysis

Values of travel time savings and reliability: final reports

Reports from a study conducted to recommend up-to-date national average values of travel time.

Documents

Provision of market research for value of travel time savings and reliability: non-technical summary report

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Provision of market research for value of travel time savings and reliability: phase 2 report

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Provision of market research for value of travel time savings and reliability: appendices

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Provision of market research for value of travel time savings and reliability: appendix E

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Provision of market research for value of travel time savings and reliability: walk and cycle report

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Provision of market research for value of travel time savings and reliability: outline of quality assurance procedures relating to behavioural modelling

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Details

These reports set out the methods used and results from a project to estimate up-to-date national values of travel time for use in transport appraisals. They are the culmination of a large-scale programme of research over the last 5 years.

Values of travel time reflect:

  • the amount of money a traveller is willing to pay to save time
  • the benefit a traveller would receive from being able to put ‘saved’ time to alternative uses following a transport investment

Travel time savings typically account for a large proportion of the benefits of major transport infrastructure. For this reason they play an important role in policy making and investment decisions.

Published 29 October 2015