§ Mr. LuffTo ask the Secretary of State for Transport what allowance he makes for environmental and road safety benefits accruing to villages arising out of the construction of new bypasses when considering proposed bypasses for transport supplementary grant. [5365]
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§ Mr. Watts[holding answer 21 November 1996]Environmental and road safety benefits are taken into account in considering whether to accept road schemes for transport supplementary grant. The Department's cost-benefit analysis formula includes a monetary value for road safety improvements. There is no established method of valuing environmental benefits in monetary terms but the environmental impact of a scheme is part of the overall assessment framework.