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The Transport Economists’ Group, formed in 1973, provides a forum for people involved in transport economics to meet regularly and discuss matters of mutual interest. Membership is open to economists working in transport and others whose work is connected with transport economics. The aim of the Group is to improve the quality of transport management, planning and decision making by promoting lectures, discussions and publications related to the economics of transport and of the environment within which the industry functions.

Next meeting, Wednesday 23 January 2019 at 17:30 for 18:00

James Gillingham of Cambridge Economic Policy Associates will speak on “Highways England’s ring-fenced funds”.

James Gillingham is a Consultant at CEPA with a background in transport and infrastructure policy in the UK. He is an experienced policy adviser and is involved in CEPA’s regulatory policy work across all infrastructure sectors, including transport, energy and water. As well as project managing CEPA’s review of the ring-fenced funds, James is a key part of the team providing ongoing support to the Department for Transport on the development of Highways England’s Performance Specification for the second Roads Period (RIS2). His other recent clients include Ofgem, the CAA and the National Infrastructure Commission. Before joining CEPA, James held a number of roles at HM Treasury.

As part of the first Road Investment Strategy (RIS1), the government allocated £900 million of ring-fenced funding to Highways England to deliver environmental, sustainable travel, safety, innovation and local growth objectives. As part of its 2017/18 annual review of Highways England’s performance, ORR commissioned CEPA to assess how Highways England manages the ring-fenced funds, and ensures that individual schemes represent value for money and contribute towards Highways England’s wider RIS outcomes and strategic objectives. This presentation will outline CEPA’s key findings and recommendations with respect to:

·      the governance structure and processes in place;

·      how schemes are identified, selected, developed and delivered;

·      what costs, outcomes and benefits have been delivered by ring-fenced funds, and what is expected to be delivered in the future;

·      the robustness of programme management and investment controls in place, including processes for risk identification and mitigation;

·      how well the programme for ring-fenced funds is aligned with the fund objectives and Highways England’s other programmes on the strategic road network; and

·      how the company has engaged with stakeholders, and how input from these groups has fed into the development of projects.


Attendance is open to anyone, but to enable Arup security to prepare a pass for you please click I wish to attend the next TEG meeting.

(Alternatively, send an email with Subject “I wish to attend the next TEG meeting” to Attendance@transecongroup.org)


All meetings will be held at 17:30 for 18:00 at Arup Head Office, 13 Fitzroy Street, London W1T 4BQ, as shown below

Membership of the Group is open to all applicants, irrespective of background and qualification, and does not confer any professional status or lead to a professional qualification. Membership should not be construed as an endorsement, and no statement by or action of the Group should be construed as an endorsement of any person, proposal or plan.