Benefits derived from lowered environmental impacts are not assigned an economic value as are congestion and crash reductions. Consequently, environmental and social mitigation is seen as a financial burden adding cost while adversely affecting the benefit-cost-ratio (BCR). Domestic and overseas research has had little effect on valuation methodologies in BCR funding allocations. It is the intent of this paper to demonstrate a value-for-money approach to environmental and social impact mitigation using storm water treatment case studies. (a) For the covering record of the conference, please refer to ITRD no. E218380.
Samenvatting