Transport for NSW Cost-Benefit Analysis Guide

Overview

The investment decisions we make today will deliver benefits to the community for decades to come.
When making investments for the people of NSW, we need to use an evidence-based economic appraisal which considers all costs and benefits. Cost-benefit analysis (CBA) does exactly that. It balances a complex set of community considerations against limited resources and is the government’s key tool for promoting value-for-money decision-making.
The Transport for NSW Cost-Benefit Analysis Guide sets out the principles, concepts, methodology and procedures to use when conducting CBA for NSW Transport cluster initiatives. Importantly, the Guide steps through a robust framework for decision-making, as well as how to organise and present the evidence that supports them. It is supported by a suite of products including user-friendly models and recommended economic parameter values.
The Guide links project evaluation to the Future Transport Strategy outcomes, promoting their consideration from project inception. The use of this guide is encouraged to ensure we consistently put value-for-money and outcomes for the community at the centre of our expenditure decisions.