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With all routes having a Benefit-Cost Ratio (BCR) of 2 or less, how does the council justify the significant expenditure on any of these proposals?

Government investment decisions are based on many criteria. The BCR is only one measure that is used to inform decisions, but even so a BCR of 1 or more indicates that the benefits included in the calculation are greater than the costs and would therefore provide a net benefit.
The unlocking of funding from the government for this scheme would reduce the overall costs incurred by GCC while providing direct benefits to the community in terms of reduced traffic congestion along M5 Junction 9 and A46 resulting in improved noise and air quality. The reduction in traffic congestion would also be beneficial in unlocking housing and employment opportunities in the area.

Teddington & Alstone A46 Advisory Group