Lord Snape

The Ely Area Capacity Enhancement was assessed as having a Benefit Cost Ratio of 4.89 against a cost estimate of £489m at Outline Business Case stage, at the point the programme was paused in 2022.

We are focused on prioritising the schemes that will make the greatest difference for passengers and support economic growth as quickly as possible. The previous government had committed to a number of projects that were unfunded, including the EACE scheme.

Benefit Cost Ratios (BCRs) within the economic case are only one element of decision-making on schemes and should be considered alongside the other cases in the five case business model used in Government (strategic, economic, financial, commercial and management cases). BCRs evolve as a project is developed through different levels of maturity as well as with changing scope, costs and benefits profiles. Definitive BCRs are not available for these schemes as they are either at an early stage of development or for which existing analysis is not up to date and therefore not representative of current scheme assumptions.

(1) Detailed information on Strategic Road Network (SRN) schemes is available in the applications for planning consent, available on the Planning Inspectorate’s website. Benefit-cost ratio information for Major Road Network/Large Local Majors (MRN/LLM) schemes is part of the business case evidence and analysis which is provided by Local Authorities. This information is therefore available directly from them, once a scheme is approved at the Full Business Case (FBC) stage.

(2) Scheme costs for the SRN schemes will be confirmed as part of the setting of the third Road Investment Strategy, planned to be published by the end of March 2026. For MRN/LLM schemes, individual financial details cannot be provided ahead of assessing the Full Business Case, as doing so would jeopardise procurement exercises and contract negotiations.

(3) The Capital Review provided strategic advice to the Secretary of State. It did not appraise any specific projects, programmes or portfolios.

Once Great British Railways (GBR) is established, it will retail online by consolidating individual train operators’ ticket websites. This will take place alongside a thriving private sector retail market, which will continue to play a key role in driving innovation and investment and encouraging more people to choose rail.

The Railways Bill consultation took place in the Spring. As part of this process, the Government consulted closely with the industry, the private sector, and wider stakeholders, including in relation to the future of the rail retail market. A formal update will be provided in due course.

Once Great British Railways (GBR) is established, it will retail online by consolidating individual train operators’ ticket websites. This will take place alongside a thriving private sector retail market, which will continue to play a key role in driving innovation and investment and encouraging more people to choose rail.

The Railways Bill consultation took place in the Spring. As part of this process, the Government consulted closely with the industry, the private sector, and wider stakeholders, including in relation to the future of the rail retail market. A formal update will be provided in due course.

The Block Grant Transparency publication breaks down all changes in the devolved governments’ block grant funding from the 2015 Spending Review up to and including Main Estimates 2023-24. Where funding for the Lower Thames Crossing has been allocated at a fiscal event or Estimates, the publication will confirm the total Barnett consequentials received by the devolved governments. The most recent report was published in July 2023 [1]. An updated report will be published in due course.

At spending reviews, the Barnett formula is applied to the overall change in a department’s settlement using the department’s comparability factor. This means Barnett consequentials generated at spending reviews in relation to the Lower Thames Crossing specifically cannot be determined.

For any future spending on the Lower Thames Crossing, Barnett consequentials will be confirmed when UK Government departmental budgets change.

[1] You can access this report via the following link: https://www.gov.uk/government/publications/block-grant-transparency-july-2023