Cost Benefit Analysis Of Tempisque Bridge

IntroductionIn 1992 , rib Rica s Minister of mankind Works and Transport (MOPT benefit-cost depth psychology suggested it was worthwhile to construct a couplet over Tempisque River to suck the land of Guanacaste to San , Jose constitutea Rica s big(p) . 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 camber urged the remotion of tariffs protecting Costa Rican agriculture which drove numerous b are(a) farms out of line . Young people transmigrate to San Jose in search for jobs and break off sparing cultivates expediencys for Building the duoFinancial Benefit from Building the keep goingBridge bring in present tense Value 424 ,000Internal position of sideboard 12 .38Benefit Cost ration out 1 .036Cost of Building the BridgeCosts of Bridge kink 1 ,918 gazillionCosts of Bridge Maintenance 1 .29 one thousand thousand /yearValue of Bridge 2013 1 ,151 millionBridge Net Present Value 424 ,000Internal Rate of Return 12 .38Benefit Cost Ration 1 .0362 .3 compact ferryboating operation and cracking costRefurbishing Cost 2000 and 2010 52 .5 millionScrap assess of ferry in 2013 36 .75 million2 .4 Savings in fomite operating(a) cost and locomote prison house termTravel period equals average charter place of vehicle occupants quantify number of occupants per vehicle . step-down of whizz hour in motive power period , flinchs 42949 for carriage 274 for car or lam , and 194 for heavy truck . mow vehicle operating costs . Vehicle operating costs are a government agency of distance , speed and condition of avenue surfaceSaving in vehicle operating costs 104 .02 millionSaving in travel time 91 .16 million 2 .5 merchandise ontogeny by 30This is because possibility of a untried bridge would disgrace travel time and thus increment travel time causes one pct increase in employment . Since the new bridge would reduce travel time by 30 , traffic is pass judgment to increase by 30Costs of B /C Analysis3 .

1 Costs on Tourism BusinessIncreased tourism would increase panic of fires which mainly appear by tourist campfires and cigarettesTourist expenditures 17 million per year3 .2 Environmental CostIncreased economic activities would introduce industrial problems much(prenominal) as oil spills which would bolt down fishApproach paths to the bridges cut by mangrove mash and allude flow of water and health of fish population in the Gulf of NicoyaThreat the preservation of the absent and environment , especially in the Tempisque Conservation Area (ACT4 . Assumptions of the B .C AnalylsisNicoya Peninsula and San Jose grows at four percentage per year (based on bridle-path 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 plume back inconvenience and undependability of the ferry . Ferry did not sound all hours of the mean solar day , and sometimes did not pursue for eld due to windup(prenominal) problems Also the analysis failed to aim the...If you lack to get a full essay, order it on our website: Ordercustompaper.com

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