§ Mr. Ron Lewisasked the Secretary of State for Transport what is the COBA net present value-to-cost ratio on the North Devon link road proposal (a) before and (b) after the new revised traffic forecasts for use in COBA.
§ Mr. HoramThe review of the North Devon link road carried out in July 1977 was based on a Cost Benefit Analysis—COBA—net present value-to-cost ratio which was marginally positive. A revised COBA programme incorporating the new traffic forecasts is under preparation.