The perennial topic of travel time savings came up in a yesterday’s Herald Sideswipe article: A reader writes: “If you live in Whangaparaoa instead of, say, Takapuna, you will spend around 30 minutes extra each way in your car at rush hour. Since in each eight-hour work day most people spend […]
BCR
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Appearing in the letters section today of the NZ Herald: In opening a fourth motorway lane between Newmarket and Greenlane, the New Zealand Transport Agency claims benefits of over a million dollars week to the Auckland economy, brought about by peak hour journey time savings of up to five minutes. […]
We’ve got our hands on a copy of the BCR study funded by the NZTA and others. BCRs continue to be a contentious issue for the evaluation of transportation projects. They are intended to be a tool to help evaluate similar projects, but invariably they are used by commentators on […]
With most business opportunities, it is possible to calculate the expected monetary benefits and costs, while considering other factors such as the opportunity cost of capital and project risk.A similar approach for transport infrastructure projects is also attractive. Just work out the benefits in today’s money, divide this by the […]