Impacts on private sector transport providers should be recorded in the TEE analysis. These include changes in investment costs, operating and maintenance costs, operator revenues and grant/subsidy payments. In all instances the cost included should be adjusted for optimism bias (see Section 13.3).
Financial costs (and benefits) to the Government should not be included in the TEE assessment. These impacts are covered in Section 12. The cost to Government should be compared with all of the benefits (i.e. across all five STAG Criteria) in order to assess overall value for money rather than the costs and benefits quantified in the TEE analysis.
