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6. It compares, over a period of 30-40 years, the user costs with the total benefits.
7. The disadvantages of COBA are that it:
- ignores the externalities and it only applies to roads
- The software is full of glitches and it never works
- There are no disadvantages to COBA
8. COBA has now been integrated into a new transport framework, which takes into account the externalities.
9. PFI stands for...
- Public Flying Increases
- Private Finance Initiative
- Public Finance Initiative
10. What road is a good example of having been constructed through the PFI/PPP?
- Dartmouth Tunnel, London
- M6 Toll (Birmingham Relief Road)
- Itchen Bridge, Southampton
- M25