Transport Economists’ Group

Formed in 1973, the Group provides a forum for people involved in transport economics to meet regularly and discuss matters of mutual interest. Membership is open to both economists working in transport and all 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 22 February at 18:00 to 19:30

The next meeting will be on Wednesday 22 February at 18:00 and will be online only.

Gary Oakes of Atkins will speak on Meta-Evaluation of Local Major Schemes – What are the lessons for scheme promotors and transport practitioners?


Between 2011 and 2016 the UK’s Department for Transport committed to invest in 43 local major transport infrastructure schemes. This paper reports the findings of a meta-evaluation which draws together the collective findings of the local major schemes programme. It showcases the key impacts of schemes including traffic, carbon, environmental, and impacts on the local economy and how these compare to forecast impacts. It also demonstrates the accuracy of cost, programme and value for money forecasts. The presentation concludes by considering the implications of these findings and the lessons learnt, to improve local major scheme evaluation in the future through an update of the Department for Transport’s Monitoring and Evaluation Framework.

Gary Oakes is a Senior Managing Consultant at Atkins, based in the Midlands. He has a transport planning background with 18 years’ experience in a range of areas including monitoring and evaluation, and business case development. Most of Gary’s experience is in consultancy, with some more recent experience working client side at a local authority managing the development of transport infrastructure schemes.


To enable us to send you a link with instruction on how to join the meeting, please click on the link below and send us an email before 18:00 on Tuesday 21 February. It will help if you can also include your name and position and whether you are a TEG member.

I wish to view the February TEG meeting online

(Alternatively, email with Subject “I wish to view the February TEG meeting online” to

We will send you a meeting link approximately 24 hours in advance, The online meeting room will normally be open after 17:45 for 18:00.

We aim to begin the speaker’s presentation promptly at 18:00.

All with an interest in the subject are welcome to attend our regular TEG meetings, whether a member or not.