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 24 April 2024 at 18:00 to 19:30

Dick Dunmore will speak on “Appraising high-speed rail: what they don’t tell you at party conferences”

Announcements on both the route of High Speed 1, in 1991, and the cancellation of much of High Speed 2, in 2023, were made at party conferences. Both projects have been controversial and, with long gestation periods, neither has proceeded as assumed during forecasting and appraisal. The talk will explore some of the complexities and uncertainties involved in such large and complex rail projects, and the implications for how they can be modelled and appraised. It will end with a summary of the recent report of the Public Accounts Committee identifying the analysis and decisions now required regarding High Speed 2.”

Dick Dunmore worked on the early forecasting and modelling for High Speed 1, and on other major rail projects, including the Northern Hub, the Elizabeth line and the Intercity Express Programme, from which he will illustrate his talk.

Please register to attend by clicking on the link below to send us an email before 18:00 on Tuesday 23 April. It will help if you can also include your name and position and whether you are a TEG member.

I wish to attend the April TEG meeting online at 18:00

(Alternatively, email with Subject “I wish to attend the April TEG meeting online at 18:00” to

For meetings available online, we will send you a meeting link approximately 24 hours in advance, and 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.