Cost Benefit Analysis Of Tempisque Bridge

IntroductionIn 1992 , Costa Rica s Minister of Public Works and Transport (MOPT benefit-cost psychoanalysis suggested it was worthwhile to construct a bridge over Tempisque River to tie the province of Guanacaste to San , Jose Costa Rica s capital . Environmentalists and tourism representatives opposed the verbal expression of the bridge1 .1 Reasons for build the twosomePopulation of Guanacaste province is declining ever since the World Bank urged the remotion of tariffs protecting Costa Rican agriculture which drove many b are(a) farms out of business . Young people migrate to San Jose in search for jobs and better economic conditionsBenefits for Building the BridgeFinancial Benefit from Building the BridgeBridge Net Present Value 424 ,000Internal Rate of counterpunch 12 .38Benefit Cost Ration 1 .036Cost of Building the BridgeCosts of Bridge kink 1 ,918 gazillionCosts of Bridge Maintenance 1 .29 million /yearValue of Bridge 2013 1 ,151 millionBridge Net Present Value 424 ,000Internal Rate of Return 12 .38Benefit Cost Ration 1 .0362 .3 Reduce ferrying operation and capital costsRefurbishing Cost 2000 and 2010 52 .5 millionScrap value of ferry in 2013 36 .75 million2 .4 Savings in fomite operating(a) costs and locomote prison termTravel time equals average wage place of vehicle occupants times number of occupants per vehicle . Reduction of whizz hour in travel time , flinchs 42949 for bus 274 for car or pickup , and 194 for heavy truck . Reduce vehicle operating costs . Vehicle operating costs are a function of distance , speed and condition of avenue surfaceSaving in vehicle operating costs 104 .02 millionSaving in travel time 91 .16 million 2 .5 Traffic ontogeny by 30This is because opening of a untried bridge would reduce travel time and thus increase travel time causes one percent increase in traffic . Since the new bridge would reduce travel time by 30 , traffic is expected to increase by 30Costs of B /C Analysis3 .

1 Costs on Tourism BusinessIncreased tourism would increase panic of fires which mainly start 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 kill fishApproach paths to the bridges cut by mangrove mash and affect flow of water and health of fish population in the Gulf of NicoyaThreat the preservation of the hit 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 road 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 trim back inconvenience and unreliability of the ferry . Ferry did not sound all hours of the day , and sometimes did not operate for eld due to mechanical problems Also the analysis failed to estimate the...If you lack to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .