In September 2022 we published a research paper which critically examined a value for money benchmarking metric used throughout the toll road sector by policy makers, planners, consultants, rating agencies and financiers – and often quoted by the media; cents per mile. We developed and applied an alternative approach, focused instead on cents per minute saved. Our argument centered on the fact that value for money was best assessed from a consumer’s perspective – and that consumer value was derived from time savings, not facility length.
