Transport Investment Appraisal (London)

Course overview

This rail-focused course runs on demand. Please contact cpd(at) for information.

This 2-day course equips participants with skills to undertake transport investment appraisal. Starting from the principles of cost-benefit analysis and financial appraisal, the course covers the key methods and techniques, and includes worked examples and case studies. This particular course has a rail focus, although some road-based packages will be cited alongside rail examples, as well as multi-modal packages. Recent technical developments and appraisal issues are also covered.

Designed for people in the industry, these courses will develop up-to-date skills and knowledge for all transport professionals. They typically last 1-5 days and are accredited to contribute to your personal development requirements.Short courses are taught by active research staff and teachers, with external experts contributing, and are normally held at the Institute for Transport Studies. Alternate arrangements can be made to bring a course closer to you.

These courses can also help you to attain credits towards a postgraduate qualification at the University of Leeds – you will have to formally apply to be a student here, so get in touch to find out more. All courses can be tailor-made to your company’s particular needs. Please get in touch to discuss bespoke course options.

Course structure

Outline programme 

  • Principles of project appraisal; financial appraisal and cost-benefit analysis;
  • Business cases, WebTAG, multi-criteria frameworks and decision-making;
  • Capital budgeting; discounting; acceptance tests; choice between alternatives; capital rationing; ex post evaluation; allowing for risk and uncertainty in transport appraisal; examples;
  • Valuation of costs and benefits (1); willingness to pay methods (RP & SP); valuation of travel time benefits and the productive use of time;
  • Valuation of costs and benefits (2); service quality, safety and environmental impacts; health benefits and urban realm
  • Appraisal for different modes of transport: in particular rail and road – including walking and cycling, buses and freight
  • Social and distributional impacts
  • Wider economic impacts of transport
  • The role of appraisal in decision-making in the UK, and international comparisons.

Who should attend?

The course is suitable for those who are new to the field, and for more experienced professionals seeking to refresh their knowledge.

Fee information

If you would like to request an invoice for this course, please complete our booking form. To book directly, please use the Book Now button above.

Contact us

Short Courses Co-ordinator
Institute for Transport Studies
Leeds LS2 9JT
Tel: 0113 343 9904
Fax: 0113 343 5334