Preparing for Road Investment Strategy 3: Enhancements

The purposes of this study are two-fold. Firstly, it is intended to provide understanding to the ORR of the independently audited unit rates and assumptions underlying Highways England's internal scheme cost estimates, and that these are comparable with appropriate external benchmarks. Secondly, the study should provide the ORR with a better understanding of the way in which rates are updated over time. In doing so, the study should assess the extent to which improvements in efficiency are reflected in the forecast...