The document discusses evaluating light rail transit (LRT) and bus rapid transit (BRT) options for Australian and New Zealand cities. It finds that the capital cost differences between LRT and BRT projects are often less than expected, with productivity and performance being more important factors. Additionally, the policy environment and available corridors can impact project selection and success more than costs alone. The research analyzed over 20 LRT and BRT projects globally to develop metrics around capital costs, speeds, capacity and productivity.