Roads: Repairs and Maintenance

Transport written question – answered on 7th October 2008.

Alert me about debates like this

Photo of Hywel Williams Hywel Williams Shadow PC Spokesperson (Education), Shadow PC Spokesperson (Work and Pensions), Shadow PC Spokesperson (Health), Shadow PC Spokesperson (International Development)

To ask the Secretary of State for Transport what notional price per barrel of oil is used by her Department when determining whether new road schemes represent value for money.

Photo of Paul Clark Paul Clark PPS (Rt Hon Ed Balls, Secretary of State), Department for Children, Schools and Families, Parliamentary Under-Secretary, Department for Transport

holding answer 6 October 2008

Oil price assumptions are provided by BERR (Department for Business Enterprise and Regulatory Reform) and the Department for Transport has released guidance that uses the latest (May 2008) BERR central oil price figures to produce fuel price forecasts used in highway scheme appraisal.

Central oil prices are projected to fall back from today's level to $65 in 2010 (2007 prices) before gradually rising again to $75 (2007 prices) in 2030. These correspond to nominal prices of $71 (in 2010) to $140 (in 2030).

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.