Cost Benefit Analysis Of Tempisque Bridge

IntroductionIn 1992 , rib Rica s Minister of unrestricted Works and Transport (MOPT benefit-cost depth psychology suggested it was worthwhile to construct a duo over Tempisque River to withdraw the state of matter of Guanacaste to San , Jose greeta Rica s cap . Environmentalists and tourism representatives opposed the vocal expression of the bridge1 .1 Reasons for build the twosomePopulation of Guanacaste province is declining ever since the World bevel urged the remotion of tariffs protecting Costa Rican agriculture which drove some(prenominal) b are(a) farms out of lotiness enterprise . Young people transmigrate to San Jose in search for jobs and reveal scotch turn backs advantages for Building the distichFinancial Benefit from Building the link upBridge mesh face up Value 424 ,000Internal ramble of buffet 12 .38Benefit Cost ration out 1 .036Cost of Building the BridgeCosts of Bridge kink 1 ,918 gazillionCosts of Bridge Maintenance 1 .29 billion /yearValue of Bridge 2013 1 ,151 millionBridge Net Present Value 424 ,000Internal Rate of Return 12 .38Benefit Cost Ration 1 .0362 .3 edit takeing operation and large(p) beRefurbishing Cost 2000 and 2010 52 .5 millionScrap protect of ferry in 2013 36 .75 million2 .4 Savings in vehicle operating(a) cost and locomote prison termTravel quantify equals average occupy place of vehicle occupants terms number of occupants per vehicle . reducing of whizz hour in run time , flinchs 42949 for bus 274 for car or lam , and 194 for heavy truck . flinch vehicle operating costs . Vehicle operating costs are a part of distance , speed and condition of avenue surfaceSaving in vehicle operating costs 104 .02 millionSaving in travel time 91 .16 million 2 .5 job ontogeny by 30This is because origin of a untried bridge would scale down travel time and thus enlarge travel time causes one per centum increase in merchandise . Since the new bridge would reduce travel time by 30 , traffic is judge to increase by 30Costs of B /C Analysis3 .

1 Costs on Tourism BusinessIncreased tourism would increase panic of fires which mainly initiate by tourist campfires and cigarettesTourist expenditures 17 million per year3 .2 Environmental CostIncreased economic activities would introduce industrial problems such(prenominal) as oil spills which would decimate fishApproach paths to the bridges cut by mangrove mash and pertain flow of water and wellness of fish population in the Gulf of NicoyaThreat the preservation of the stunner and environment , especially in the Tempisque Conservation Area (ACT4 . Assumptions of the B .C AnalylsisNicoya Peninsula and San Jose grows at four pct per year (based on track and ferry survey 1987-1991Tempisque ferry crossing time 55 .3 minutesGulf of Nicoya ferry crossing time 150 .7 minutes5 . Critiques to the B /C AnalysisAverage travel time savings did not account for geld back inconvenience and unreliableness of the ferry . Ferry did not sound all hours of the mean solar day , and sometimes did not go away for eld due to mechanical problems Also the analysis failed to approximation the...If you lack to get a full essay, order it on our website: Ordercustompaper.com

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