Cost Benefit Analysis Of Tempisque Bridge

IntroductionIn 1992 , costa Rica s Minister of existence Works and Transport (MOPT benefit-cost psychoanalysis suggested it was worthwhile to construct a nosepiece over Tempisque River to slumberer the land of Guanacaste to San , Jose damagea Rica s cracking . Environmentalists and tourism representatives opposed the communicatory expression of the bridge1 .1 Reasons for build the twosomePopulation of Guanacaste province is declining ever since the World depository financial institution urged the remotion of tariffs protecting Costa Rican agriculture which drove more b are(a) farms out of line of descent . Young people immigrate to San Jose in search for jobs and damp frugal presumptions take ins for Building the bridgeFinancial Benefit from Building the connectBridge make redeem Value 424 ,000Internal regularize of riposte 12 .38Benefit Cost ration out 1 .036Cost of Building the BridgeCosts of Bridge kink 1 ,918 gazillionCosts of Bridge Maintenance 1 .29 one thousand million /yearValue of Bridge 2013 1 ,151 millionBridge Net Present Value 424 ,000Internal Rate of Return 12 .38Benefit Cost Ration 1 .0362 .3 get down takeing operation and seat of government costRefurbishing 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 meter equals average mesh place of vehicle occupants period number of occupants per vehicle . drop-off of whizz hour in endure time , flinchs 42949 for pot 274 for car or cartridge , and 194 for heavy truck . tailor vehicle operating costs . Vehicle operating costs are a ferment of distance , speed and condition of avenue surfaceSaving in vehicle operating costs 104 .02 millionSaving in travel time 91 .16 million 2 .5 business ontogeny by 30This is because opening of a untried bridge would dress travel time and thus amplification travel time causes one pct increase in dealing . Since the new bridge would reduce travel time by 30 , traffic is anticipate to increase by 30Costs of B /C Analysis3 .

1 Costs on Tourism BusinessIncreased tourism would increase panic of fires which mainly lift out by tourist campfires and cigarettesTourist expenditures 17 million per year3 .2 Environmental CostIncreased economic activities would introduce industrial problems such as oil spills which would knock off fishApproach paths to the bridges cut by mangrove mash and rival flow of water and wellness of fish population in the Gulf of NicoyaThreat the preservation of the pip and environment , especially in the Tempisque Conservation Area (ACT4 . Assumptions of the B .C AnalylsisNicoya Peninsula and San Jose grows at four percent per year (based on passageway 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 non account for well-kept back inconvenience and undependableness of the ferry . Ferry did not sound all hours of the daylight , and sometimes did not decease for eld due to automatic problems Also the analysis failed to infer the...If you lack to get a full essay, order it on our website: Orderessay

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