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9.5.12 Values of Time

Publication Date: 
27 May 2008
 

The tables below provide the latest recommended values of time for application in most standard transport appraisals (all expressed in average 2002 values and prices).

The use of mode specific values could potentially increase the risk of not accounting for people who switch between modes.  Where the number of people switching modes is high relative to the number of existing users it may be inappropriate to use the values below.  Under these circumstances the practitioner should contact Transport Scotland for advice.

Table 9.7: Values of Working Time Per person (£ per hour)

 
Vehicle Occupant Resource Cost Perceived Cost Market Price
 
Car driver 21.86 21.86 26.43
Car passenger 15.66 15.66 18.94
LGV (driver or passenger) 8.42 8.42 10.18
OGV (driver or passenger) 8.42 8.42 10.18
PSV driver 8.42 8.42 10.18
PSV passenger 16.72 16.72 20.22
Taxi driver 8.08 8.08 9.77
Taxi/minicab passenger 36.97 36.97 44.69
Rail passenger 30.57 30.57 36.96
Underground passenger 29.74 29.74 35.95
Walker 24.51 24.51 29.64
Cyclist 14.06 14.06 17.00
Motorcyclist 19.78 19.78 23.91
 
Average of all working persons 22.11 22.11 26.73
 

Table 9.8: Values of Non-Working Time Per person (£ per hour)

Vehicle Occupant

Resource Cost Perceived Cost Market Price
 
Commuting 4.17 5.04 5.04
Other 3.68 4.46 4.46

Practitioners should note that the values for non-working time (commuting and other) spent waiting for public transport is two and a half times the values presented in Table 9.8.

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