Technical guidance
Cost-benefit analysis technical guidance
Transport for NSW developed a suite of technical guidance to support the development of cost-benefit analysis across the transport cluster.
This suit of guidance is regularly updated. For information and feedback, please contact the TfNSW Economic Advisory team at EconomicAdvisory@transport.nsw.gov.au.
Economic Parameter Values
This document provides the latest economic parameter values used to build economic model and estimate the benefits of initiatives across the NSW Transport cluster.
Fact Sheet - Economic Concurrence Report
This document provides an overview of the Economic Concurrence Report, the review process and CBA quality requirements.
Movement and Place Evaluation Guide
This document provides a framework and methodologies for estimating placemaking benefits of transport projects. It provides technical guidance on evaluating benefits of transport initiatives in relation to city-shaping, placemaking, active transport, micromobility, thirty-minute cities and fifteen-minute neighbourhoods. It provides guidance how estimated benefits can be used to justify investments in business cases and outcome-based reporting.
Cost Escalation Indices
This document provides cost escalation rate forecasts for construction of road and rail projects, and maintenance and operating cost for the NSW Transport cluster infrastructure projects.
Problem Cost Technical Note
This document provides guidance for monetising the problem cost in a transport network. It is a useful guide to prepare Infrastructure Priority List submissions to Infrastructure Australia.
Technical Note on Assessing the Impacts of COVID-19 for Business Cases
This document provides guidance for undertaking sensitivity tests of Cost-Benefit Analysis results to understand the potential impacts of COVID-19 on long term transport trends. This Technical Guide is under review to incorporate changes of Travel Zone Projection (TZP) 2022 to be implemented.
Guide to Economic Evaluation and Ex-post CBA
This document sets out the requirements, process and high level guidance of post-completion Economic Evaluation/Ex-post CBA, and is applicable to projects nominated in the annual Evaluation Schedule.
Freight Benefits Guidelines
This document provides guidance on how to capture benefits of Transport projects that accrue to freight customers. It provides technical guidance and examples of the applicability of these benefits.
For any questions or feedback please email freight@transport.nsw.gov.au.
CBA Technical Note on Vehicle Operating Cost (VOC)
This document provides a recommended approach for calculating road vehicle operating costs for cost-benefit analysis of NSW Transport cluster projects.
The Excel Tools accompany Transport for NSW Technical Note on Calculating Road Vehicle Operating Costs and can be used for estimating the vehicle operating costs for vehicles travelling on urban and rural roads.
Rapid CBA Tool
The NSW Treasury developed a Rapid CBA Tool to support the development of CBAs. The Excel tool will generate key results such as NPV, BCR, sensitivity analysis, and distributional analysis without need for a bespoke model. It requires the input of estimates of costs and benefits. An accompanying user guide is available for reference.