Project appraisal - Transport Policy and Planning in Great Britain - page 361

Although the prime criterion in scheme appraisal is value for money, overall
judgements must have regard to its financial implications for both the public sector
and for private sector interests contributing to the scheme or affected by it. In support
of this an Affordability and Financial Sustainability Table has to be produced, as
illustrated in Table 21.5.
In relation to practicability and public accountability TAG unit 2.5 offers a checklist
which includes the following:

• the technical and legal (procedural) issues which remain to be resolved
• the breadth (scope) and depth (complexity) of the implementation process in
terms of the activities and agencies involved

Table 21.5 Outline of affordability and financial sustainability worksheet (source: TAG unit 2.5)
Public sector * Total Breakdown by organisation/budge t

Investment
Investment costs (listed by year)
Developer and other contributions
Grant to/from local government*
Grant to private sector
Indirect tax revenues*

Net total*
Operations [for years 1, 5, 10 etc,]
Change in operator costs
Change in operator revenues
Net change

Private sector Total Breakdown by route and organisation

Investmen t
Investment costs (listed by year)
Grant from central and local
government

Net impact
Operations [for years 1, 5, 10 etc.]
Change in operator costs
Change in operator revenues
Net change

Subsidy

Net impact
Note: All entries in the table show undiscounted £ cash for the year in question

*In the full table there are separate sections for local and central government.
In the case of local government the net total is (investment costs + grant to private sector) -
(developer contributions + grant from central governmentt)
In the case of central government the net total is (investment costs + grants to local gov't and
private sector) - (developer contributions + indirect tax revenues).