Simplicity | 1693391 | EB 115 - Chelmsford Park & Ride Compilation Document Part 3

EB 115 - Chelmsford Park & Ride Compilation Document Part 3
Site 3: A1 2N
NPV (Excluding Capital Costs)
No Bus Priority
LOW Growth
Scheme NPV (f mil)
Year End
I
High Growth
I
I
II
Scheme NPV (f mil)
Year End
With Bus Priority
LOW Growth
Scheme NPV (fmil)
Year End
High Growth
1
Scheme NPV (fmil)
Year End
I
Site 3: A1 2N
Annual B/C Ratio (Excluding Capital Costs)
No Bus Priority
I
LOW Growth
Annual BIC Ratio
Year End
High Growth
I
1
Annual BIC Ratio
I
Year End
With Bus Priority
LOW Growth
Annual BIC Ratio
Year End
High Growth
.............................
Annual B/C Ratio
Year End
..............................
Site 3: A1 2N
Internal Rate of Return (Including Capital Costs)
No Bus Priority
LOW Growth
lntemal Rates of Return (mil)
4
3
2
1
0
-1
-2
Discount Rate (%/arm)
High Growth
Internal Rates of Return (mil)
8
6
4
2
0
-2
Discount Rate (%/arm)
1
With Bus Priority
LOW Growth
Internal Rates of Return (mil)
Discount Rate (%/arm)
I
I
High Growth
Internal Rates of Retum (mil)
Discount Rate (%/arm)
Site 3: A1 2N
IRR Costs & Benefits (IncludingCapital Costs)
No Bus Priorilv
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%/ann)
With Bus Priority
I
I
LOW Growth
I
l
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%/ann)
I
Site 4: A1 060
NPV (Excluding Capital Costs)
No Bus Priority
scheme NPV (fmil)
LOW Growth
4
3
2
1
1'
2
3
4
High Growth
5
6
7
8
Year End
9
10
11
12 13
Scheme NPV (f mil)
Year End
With Bus Priority
I
LOW Growth
Scheme NPV (f mil)
Year End
High Growth
-
1 - 1
-
Scheme NPV (f mil)
Year End
-------------------------------------------
r
14 15
i
*
Site 4: A1 060
Annual B/C Ratio (ExcludingCapital Costs)
P
1 4
No Bus Priority
Low Growth
Annual BIC Ratio
3.0
2.5
2.0
1.5
I.o
0.5
2
3
4
5
High Growth
6
7 8
Year End
10 H
9
12 13 14 15
Annual BIC Ratio
3.0
2.5
2.0
1.5
1.o
0.5-Om0l
2
1
5
7 8
Year End
6
10 I\ 1 2 1 5 1 4 1 5
9
With Bus Prioritv
LOW Growth
o1
2
3
Annual BIC Ratio
4
9
6
7
8
9
1.0
1
l.
I;! l,3
1.4 15
-5I
-10----15
Year End
High Growth
Annual BIC Ratio
Year End
~l-4
-----------~.............................
-
F
I
i d
F
I
d
No Bus Priority
Site 4: A1 060
Internal Rate of Return (IncludingCapital Costs)
LOW Growth
Internal Rates of Return (mil)
Discount Rate (%/arm)
High Growth
F
I
Internal Rates of Retum (mil)
Discount Rate (%/arm)
I
With Bus Priority
LOW Growth
Internal Rates of Return (mil)
Discount Rate (%lann)
High Growth
Internal Rates of Retum (mil)
I
I
Site 4: A1 060
IRR Costs & Benefits (IncludingCapital Costs)
No Bus Priority
Low Growth
Internal Rates of Return (mil)
/
NPV B@ncfils
/ !-.j f?,',J
[,:;~;z
/ NP!,
Benefits
/
@t?,cps
Discount Rate(%/ann)
High Growth
Internal Rates of Return (mil)
8
6
4
2
1
'
r
2 3 4 5 6 7 8 9 1011 121314151617181920
Discount Rate(%/ann)
With Bus Priority
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
Site 5: A41 4E
NPV (ExcludingCapital Costs)
No Bus Priority
LOW Growth
Scheme NPV (E mil)
Year End
High Growth
I
Scheme NPV (f mil)
Year End
With Bus Priority
LOW Growth
Scheme NPV (f mil)
Year End
High Growth
I
Scheme NPV (f mil)
2.0
1.5
1 .o
0.5
0.0
-0.5
-1 .o
-1.5
-2.0
Year End
I
Site 5: A41 4E
Annual B/C Ratio (Excluding Capital Cost)
.
No Bus Priority
LOW Growth
.
Annual BIC Ratio
2.5
2.0
1.5
I.o
0.5
0.0
Year End
High Growth
Annual BIC Ratio
3.0
2.5
2.0
1.5
1.o
0.5O-Oi
2
3
4
5
6
i
8
Year End
9
With Bus Priorit\/
LOW Growth
Annual BIC Ratio
Year End
High Growth
Annual BIC Ratio
1017
12131415
Site 5: A41 4E
lnternal Rate of Return (Including Capital Costs)
No Bus Priority
Low Growth
lnternal Rates of Return (mil)
2.5
2.0
1.5
1.o
0.5
0.0
-0.5
-1 .o
-1.5
-2.0
Discount Rate (%/arm)
High Growth
lnternal Rates of Return (mil)
I
iI
!
i
I
i
I
i
Discount Rate (%/arm)
1
i
!
With Bus Priority
LOW Growth
lnternal Rates of Return (mil)
Discount Rate (%/arm)
HighGrowth
lnternal Rates of Return (mil)
Discount Rate (%/arm)
!
i
Site 5: A41 4E
IRR Costs & Benefits (Including Capital Costs)
No Bus Priority
1
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%lann)
High Growth
Internal Rates of Return (mil)
/
I
Discount Rate(%/ann)
With Bus Priority
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
NPV Benefits
I
Site 6: A1 2SlA414W
NPV (Excluding Capital Costs)
No Bus Priority
LOW Growth
Scheme NPV (f mil)
Year End
I
High Growth
I
Scheme NPV (f mil)
Year End
I
With Bus Priority
LOW Growth
Scheme NPV (f mil)
Year End
High Growth
I
Scheme NPV (E mil)
Year End
I
Site 6: A1 2SlA414W
Annual B/C Ratio (Excluding Capital Costs)
No Bus Priority
LOW Growth
Annual BIC Ratio
2.5
2.0
I.5
1.o
0.5
0.0
5
Year End
High Growth
Annual BIC Ratio
3.0
2.5
2.0
1.5
1.o
0.5OmO1
2
3
4
5
6
t
8
Year End
9
With Bus Prioritv
LOW Growth
Annual BIC Ratio
Year End
High Growth
Annual BIC Ratio
0.4
0.3
0.2
0.1
0.0
-0.1
-0.2
-0.3
-0.4
-0.5
-0.6
Year End
10 ii 12 13 14 15
6
1 4
Site 6:A1 2S/A4 1 4W
F
lnternal Rate of Return (IncludingCapital Costs)
h d
No Bus Priority
P
I
b 4
f
Low Growth
I
High Growth
Internal Rates of Return (mil)
I
Discount Rate (%/arm)
I
lnternal Rates of Return (mil)
Discount Rate (%/arm)
With Bus Priority
r
I
LOW Growth
Internal Rates of Return (mil)
Discount Rate (%/arm)
HighGrowth
Internal Rates of Return (mil)
I
Site 6: A1 2SlA4 14W
IRR Costs & Benefits (IncludingCapital Costs)
No Bus Priority
f
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%/ann)
With Bus Priority
I
I
LOW Growth
I
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
Internal Rates of Return (mil)
8
6
/
NF'V Benefits
/
?<..V,
4
2
0
-21 1 1 1 I I I I I I I I I I I I I I I I
.wcz&
[., ,;, P.
Site 7: B1007
NPV (Excluding Capital Costs)
No Bus Priority
LOW Growth
Scheme NPV (f,mil)
0.0
-0.5
-1.o
-1.5
-2.0
Year End
-1.5-
-2.0.
Year End
With Bus Priority
LOW Growth
Scheme NPV (E mil)
Year End
High Growth
Scheme NPV (fmil)
Year End
-
-
-
Site 7: B 1 007
Annual B/C Ratio (Excluding Capital Costs)
No Bus Priority
LOW Growth
Annual BIC Ratio
0.6
0.5
0.4
0.3
0.2
0. I
OSo1 2
3
High Growth
4
5
6
7
8
Year End
9
10
11 12 13 14 15
Annual BIC Ratio
Year End
With Bus PrioriW
LOW Growth
Annual BIC Ratio
Year End
High Growth
Annual BIC Ratio
Year End
I.
Site 7: B1007
Internal Rate of Return (IncludingCapital Costs)
No Bus Priority
Low Growth
Internal Rates of Return (mil)
0
0.0
-0.5
-1 .o
-1 -5
-2.0
-2.5
-3.0
Discount Rate (%/arm)
High Growth
Internal Rates of Return (mil)
0.0
-0.5
-1 .o
-1 -5
-2.0
-2.5
Discount Rate (%/arm)
With Bus Priorily
Low Growth
Internal Rates of Return (mil)
Discount Rate (%/arm)
High Growth
lnternal Rates of Return (mil)
Site 7: I31007
IRR Costs & Benefits (Including Capital Costs)
No Bus Priority
1
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%lann)
I
With Bus Prioritv
Low Growth
Internal Rates of Return (mil)
5
4
3
2
1
0
-1
-2
-3
Discount Rate(%/ann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%/ann)
1
Site 8: A1 30s
NPV (Excluding Capital Costs)
No Bus Priority
LOW Growth
Scheme NPV ( E mil)
8
6
4
2
1'
2
3
High Growth
4
5
6
7
8
Year End
9
Scheme NPV (f mil)
Year End
With Bus Priority
LOW Growth
Scheme NPV ( E mil)
Year End
High Growth
Scheme NPV ( f : mil)
Year End
10
11
12
13
14
15
Site 8: A1 30s
Annual B/C Ratio (ExcludingCapital Costs)
No Bus Priorily
LOW Growth
Annual BIC Ratio
2.5
2.0
I.5
I.o
0.5
0.0
Year End
High Growth
Annual BIC Ratio
3.0
2.5
2.0
1.5
1.o
0.5-O
a
o
i
2
3
4
i;
5
i
8
9
Year End
With Bus Priorilv
Low Growth
Annual BIC Ratio
-
High Growth
Year End
Annual BIC Ratio
Year End
10 11
12 13 14 15
Site 8: A1 30s
Internal Rate of Return (Including Capital Costs)
No Bus Priority
Low Growth
Internal Rates of Return (mil)
5
4
3
2
1
0
-1
Discount Rate (%/arm)
High Growth
Internal Rates of Return (mil)
10
8
6
4
2
0
-2
Discount Rate (%/arm)
With Bus Priority
Low Growth
Internal Rates of Return (mil)
0
0
-10
-20
-30
-40
-50
Discount Rate (%/arm)
Discount Rate (%/arm)
Site 8: A1 30s
IRR Costs & Benefits (Including Capital Costs)
No Bus Prioritv
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%/ann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%lann)
I
With Bus Priorily
LOW Growth
Internal Rates of Return (mil)
Discount Rate(%lann)
High Growth
I
Internal Rates of Return (mil)
Discount Rate(%lann)
1.
Essex County Council
Chelmsford Borough Council
Chelmsford Park & Ride
Finance & Economic Assessment
Interim Technical Note: TN 04
March 2001
[SUPPLEMENTARY REPORT TO
TECHMCAL NOTE TN 03
DATED NOVENBER 20001
Prepared for:
Essex County Council,.
County Hall,
Chelmsford,
Essex, CM1 1QH
Prepared by:
WS Atkins Consultants Limited,
Threadneedle House, 9- 10 Market Road,
CHELMSFORD, CMl 1JQ.
Document Version:
File Reference: AI/
Doc.Reg. - 05
Rev. 0 Issue Date: 26 March 2001
CONTENTS
1.
INTRODUCTION ......................................................................................
1
2.
OBJECTIVES
3.
METHODOLOGY
4.
SUMMARY OF FINDINGS
5.
CONCLUSIONS
............................................................................................1
.....................................................................................3
.......................................................................3
ATTACHEMENTS:
.........................................................................................6
PreMod MODEL SUMMARY OUTPUT RESULTS
id
r
Esses County Cou~lcillCllelmsford Borough Council
Chelntsfi>rdPark and Ride Finrrnce and Economic Feasibili@Assessnlents
Interim Technical Note: TN 04
1
CHELMSFORD PARK & RIDE
FINANCE AND ECONOMIN ASSESSMENT
This technical note follows on from the initial coarse level assessments into Park &
Ride for Chelmsford and concerns supplementary assessments carried out in support of
the earlier Technical Note TN 03 Finance and Economic Feasibility Assessments dated
November 2000.
Earlier reports, Technical Notes TN 01 and TN 02, outlined the initial findings on
potential demand for Park & Ride based on readily available information. The first of
these focused primarily on external trips to and from the study area and used the 1991
Census Journey to Work information as the main data source. The second concentrated
on substantiating the earlier findings by providing greater detail on the potential
demand for Park & Ride at eight specific sites identified in the study area. The second
assessment also made use of the Chelmsford Saturn Traffic Model. The two earlier
assessments established a prima facie case favouring Park & Ride on the basis of
potential demand.
It was accordingly decided to extend the pre-feasibility assessment to also take
cognisance of the potential financial and economic performance of the identified sites
the results of were reported in Technical Note TN 03. Based on the findings of that
assessment it was decided to carry out a supplementary assessment in order to measure
the potential affects of parking restraint on the financial and economic performance of
the sites. This report summarises the main findings in this regard, as well as the
approach and the methodology adopted.
In carrying the initial traffic modeling for the finance and economic assessments various
corridor market share scenarios were tested in terms of the potential impact on the
schemes considered. One finding however revealed that on certain corridors the
introducing bus priority measures along had a fairly dramatic effect upon scheme
economic even at fairly low market share values. The reasons for this are primarily
attributable to the associated increased congestion to other road users that the
introduction of priority measures will cause.
It was decided that two fbrther factors in the modeling process should be examined to
counter balance the above effects. The first relates to the need to simply reduce traffic
on the network in order to minimize increased congestion, i.e. to increase Park & Ride
market shares to above the base levels initially tested. The second relates to the
potential for introducing town center parking restraint measures as an instrument
towards achieving higher Park & Ride market shares as well as to generate additional
benefits for Park & Ride.
WS Atkins Consultants Ltd., Chelmsford, Essex.
&--
JOHN SANDERS.
&'=-
OPERATIONAL SERVICES.
ESSfN(kllflty (2JUlldl
T-anSplatbfl,&
OperalmnaI Sew-
HEAD OF TRANSPORTAWN &,
ENVIRONMENTAL DIRECTORATE,
COUNW HALL CHELMSFORD. CMl IQH.
Tel+hone
01245 4922 11.
A131
SCHEME TITLE:
NTS
SCIILLS:
CHELMSFORD PARK & RIDE STUDY
Location of Potential Sites
APR'OO
FIGURE 1
Essex County Council / Chelnisforcl Borough Council
Cl~elnisfurdPork and Ride Finance and Econonzic Feasibility Assessnzents
3.
Interim Techrucal Note: TN 04
3
METHODOLOGY
A set of "Low" and "Upper" corridor market share profiles were established in order to
assess the potential impacts of parking restraint measures. The "Low" corridor market
share profile corresponds with the base level tested in the earlier assessments, namely,
4% in the opening year followed by 6%, 8% and 10% in years 5, 10 and 15
respectively. The latter profile is considered for purposes of the assessments to be
typical of a no parking restraint in the town center scenario.
In setting up the "Upper" corridor market share profile experience in other towns has
been considered. In particular, the Cambridge experience where parking restraint
measures have been in force for some time was looked at. Based on this an "Upper"
corridor market share profile was established that assumes maximum implementation of
parking restraint measures from day-one, namely, 10% in the opening year followed by
30%, 40% and 50% in years 5, 10, and 15 respectively.
The purpose of the establishing the above limiting profile values has been to provide a
basis for interpolating the relative impact of alternative market share scenarios that lie
within the limiting extremes.
Based on the procedures used in the earlier assessment a series of additional SATURN
model runs were carried out to produce results for the "Upper" corridor market share
values. Close on 400 SATURN model runs were carried out, combined with the earlier
assessment model runs and processed into PreMod data input format to prepare the
interpolation database platform for the assessments.
Additional functionality has been added to the PreMod computer model to enable the
model to interpolate parking restraint revenues in relation to corridor market share. For
simplicity the model assumes a linear elastic relationship with overall journey cost and
that the costs function is significantly influence by parking restraint measures, i.e.
increase in town center parking charges. While this may or may not be the case and
with the possibility of other measures being more effective in this regard, the
assumption and inclusion of a counter balance in the model to counteract the impacts of
bus priority measures on traffic congestion costs is essential. The model thus provides a
usehl mechanism to deal with the dynamics of mode shift the above limitation needs to
be borne in mind when interpreting he results from the model.
4.
SUMMARY OF FINDINGS
The results from the PreMod model run for each site and for each of the following
scenario are attached to the back of this supplementary report:
-
Low Market Share (4%, 6%, 8%, 10%)
Low Market Share (4%, 6%, 8%, 10%)
Parking Restraint L1 (4%, 6%, 8%, 30%)
Parking Restraint L2 (4%, 6%, 20%, 40%)
Parking Restraint L3 (4%, lo%, 30%, 45%)
WSAtkins Consultants Ltd., Chelmsford, Essex.
-
-
- - - - -
-
-
-
-
-
-
-
-
-
-
Parking Restraint X
Parking Restraint X
Parking Restraint 4
Parking Restraint
Parking Restraint J
Priority
Priority J
Priority J
Priority J
Priority 4
-
-
-
-
-
-
-
-
-
26-03-01
Esses County Council / Cllelmsford Borough Council
Chelnisford Pnrk nnd Ride Finn~zcennd Economic Fensibility Assessn?ents
Interill1 Technical Note: TN 04
4
The analysis results as appended (first set of results) show the current model
evaluations based on the refinements made to PreMod correspond with the earlier
assessment results for each of the eight sites. The findings of the earlier assessments as
reported in Technical Note TN 03, therefore remain valid.
The main findings from the supplementary assessment relates to the change in the NPV
value of each schemes resulting from the introduction of different levels of parking
restraint measures as indicated above. These results are summarized on the figure
below for each of the eight sites. Note that the bars on the figure reflect the change in
the order described above, i.e. low market share without and with parking restraint
followed by the three levels of parking restraint.
The value of parking restraint has been based on the following factors in relation to
current parking charges as set in the PreMod parameter input data file:
-
No parking restraint:
- All
Fac = I
With parking restraint (Peak and Off-Peak)
- Short stay
- Long stay
- All-day
Fac = 1.5
Fac = 2.9
Fac = 6.25
Note that the parking restraint revenues in the financial and economic evaluations
equate to excess revenue over and above exiting charge levels.
A krther point to note is the premise employed in the model that applying parking
restraint measures is generally universal in the sense that it cannot be applied on a
corridor basis. It is therefore assumed that in the longer term most corridors would
cater for Park & Ride. To compensate for this the model applies only 0.6 of the overall
parking restraint revenues derived on a corridor basis in the calculations.
The following salient findings arise from the assessment results:
-
Consistent with the earlier assessment, all sites with the exception of Site 7
(I3 1007) show positive NPV values at the end of the scheme life (1 5 years) in the
scenario of low market share and with no bus priority measures applied. (Refer to
the first bar on the left of the figure.) It is however unlikely that Park & Ride
would even get off the ground were bus priority measures not applied.
-
The introduction of bus priority, and in particular at low Park & Ride market share
values, has enormous impact on the NPV for all schemes primarily resulting from
the cost of delays to other road users. (Refer to the second bar from the left on the
figure.) In particular, Sites 5 (A414E) and 8 (A130S) are worst affected in terms
of increased congestion.
-
The effect of introducing parking restraint of gradually increasing severity is
depicted in the last three bars for each site on the figure. The degrees of severity
are as .indicated in the successive scenario market shares above.
WSAtkins Consultants Ltd., Chelmsford, Essex.
26-03-01
Essex C o u ~ ~ Council
ty
1 Chelmsford Borougli Council
Interim Technical Note: TN 04
Clzelnisford Park and Ride Finance and Econonric Feasibility Assessn~ents
6
-
5.
The results suggest that for most sites with the exception of Sites 5 and 8, only a
moderate parking restraint strategy may required to ensure a positive NPV
outcome, i.e. the introduction of parking restraint measures between years 5 and
10. In contrast the results suggest that in the case of Sites 5 and 8 a more
aggressive parking restraint strategy may be needed to achieve a similar outcome
with regard to the overall NPV values for the scheme.
CONCLUSIONS
The supplementary assessment finding generally support the earlier assessment findings
and conclusions, and provide additional perspective as to the potential for parking
restraint measures to counter balance the effect of bus priority measures on congestion.
L4
WS Atkins ConsultantsLtd., Chelmsford, Essg.
- - - - - - - - - - - - - - -
PREMod Results Site 1: A130 North (Outer)
26/03/2001 11:56:05
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\~itel.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
............
............
4%, 6%, 8%, 10%
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
148
36,945
6.00%
=
-
-
Spaces in YEAR 15
= 317
Evaluation P&R Size = 400
Num Buses Required = 6
............
Capital Cost
= f
(Scheme Life = 15 Years)
.:
,
1,800,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -3,842,850
= E
-615,432
A: Parking Revenue
U: P&R Charges
= f
-649,298
Total Cost
= f -5,657,330
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f
= f
= f
= f
= f
= E
= f
615,432
649,298
45,960
397,992
4,616,577
780,303
0
Total Benefits
= f
7,105,563
(PVB)
NET PRESENT VALUE (NPV)= f
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
1,448,233
0.44
1.26
IRR INDICATORS
IRR** *
--
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-
-473932.63
134919.38
0.28
PVC**
PVB**
Economic B/C Ratio**
-
=
=
-473932.63
328383.41
0.69
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod ~esultsSite 2: A130 ~ o r t h(Inner)
26/03/2001 11:56:14
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&~~odel\Data\HighMS.par
C:\P&RModel\Data\Site2.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
241
60,250
6.00%
Spaces in YEAR 15
= 484
Evaluation P&R Size = 600
Num Buses Required = 2
............
.;
Capital Cost
= f
(Scheme Life = 15 Years)
2,400,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,745,328
= E -1,022,184
A:' Parking Revenue
U: P&R Charges
= f -1,017,021
Total Cost
= f -4,334,283
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
f 1,022,184
E 1,017,021
E
66,827
f
620,240
= f 5,650,440
= f 1,238,964
= f
0
Total Benefits
= f
9,615,677
NET PRESENT VALUE (NPV)= f
5,281,393
-
=
=
=
=
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
0.91
2.22
IRR INDICATORS
IRR** *
-
8.05
FIRST YEAR INDICATORS
-PVC*
PVB*
Operating B/C Ratio* =
-352514.27
204917.98
0.58
PVC**
PVB**
Economic B/c Ratio**
-=
-352514.27
407421.36
1.16
* Excludes Congestion Savings
** Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 3:
26/03/2001 12:01:46
A12 North
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\P&RModel\Data\~igh~~.par
C:\P&RModel\Data\Site3.def
C:\P&RModel\Data\~oba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
4%) 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
213
53,188
6.00%
=
-
Spaces in YEAR 15
= 490
Evaluation P&R Size = 600
Num Buses Required = 4
............
&',
Capital Cost
= f
(Scheme Life = 15 Years)
2,400,000
.COST/BENEFITASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,782,005
= f
-869,913
A: Parking Revenue
U: P&R Charges
= f
-985,213
Total Cost
= f -5,186,881
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accidentsavings
A: NM Parking Charges
= f
= f
= f
= f
= f
= f
= f
Total Benefits
= f 11,753,546
(PVB)
NET PRESENT VALUE (NPV)= f
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR** *
--
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-
=
PvI3**
---
Economic B/C Ratio**
=
PVC* *
869,913
985,213
60,046
515,367
8,322,811
1,000,196
0
6,566,665
0.66
2.27
10.06
-427692.87
196817.10
0.46
-427692.87
534031.78
1.25
* Excludes congestion Savings
* * Includes congestion Savings
*** Includes Capital Cost & Congestion Savings
P R E M o ~Results Site 4: A1060
26/03/2001 12:02:02
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\P&RModel\Data\HighM~.par
C:\P&RModel\Data\Site4.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1 :
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
125
31,153
6.00%
=
-
Spaces in YEAR 15
= 281
Evaluation P&R Size = 400
Num Buses Required = 2
............
Capital Cost
= f
(Scheme Life = 15 Years)
1,800,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
0: Bus Operating Cost = f
= f
A: Parking Revenue
U: P&R Charges
= f
Total Cost
-549,750
-949,898
-519,832
-569,296
= f -2,588,776
(PVB)
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= E
519,832
569,296
29,642
253,467
4,483,604
496,014
0
Total Benefits
= f
6,351,856
NET PRESENT VALUE (NPV)= f
3,763,081
= f
= f
= f
= f
= f
= f
B/C INDICATORS
Operating B/c Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR***
0.72
2.45
-
11.90
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-208411.22
92537.46
0.44
PVC**
PVB**
Economic B/C Ratio**
*
**
***
--
=
-208411.22
258318.86
1.24
Excludes congestion Savings
Includes congestion Savings
Includes Capital Cost & Congestion Savings
PREMo~Results Site 5: A414 East
26/03/2001 12:02:22
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site5.def
C:\P&R~odel\Data\~oba.def
C:\P&RModel\Data\~N.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
............
............
4%, 6%, 8%, 10%
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
224
56,086
6.00%
-
Spaces in YEAR 15
= 475
Evaluation P&R Size = 600
Num Buses Required = 4
............
.;
Capital Cost
= f
(Scheme Life = 15 Years)
.
2,400,000
~OST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,490,750
A: Parking Revenue
= f
-942,584
U: P&R Charges
= f
-994,605
Total Cost
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f -4,977,688
(PVB)
f
942,584
994,605
47,120
419,286
6,668,031
811,257
0
= f
9,882,882
NET PRESENT VALUE (NPV)= f
4,905,194
Total Benefits
= f
= f
= f
= f
= f
= f
=
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
0.65
1.99
IRR INDICATORS
IRR** *
-
9.02
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-349125.13
191228.05
0.55
PVC**
PVB**
Economic B/C Ratio**
-
=
=
-349125.13
377957.68
1.08
* Excludes Congestion Savings
* * Includes congestion Savings
*** Includes Capital Cost & Congestion Savings
PREMod ~esultsSite 6:
26/03/2001 12:02:36
A414 West
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\~&~Model\Data\Site6.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
335
83,771
6.00%
Spaces in YEAR 15
= 632
Evaluation P&R Size = 800
Num Buses Required = 2
............
:.
Capital Cost
= f
(Scheme Life = 15 Years)
3,000,000
-COST/BENEFITASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,745,328
= f -1,450,168
A: Parking Revenue
U: P&R Charges
= f -1,352,189
Total Cost
= f -5,097,435
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
1,450,168
1,352,189
49,988
= E
470,964
= f 7,172,368
= f
913,973
= f
0
Total Benefits
= f 11,409,649
= f
= £
= f
NET PRESENT VALUE (NPV)= £
6,312,215
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
0.83
2.24
IRR INDICATORS
IRR** *
-
8.79
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-404720.23
249578.49
0.62
PVC* *
PVB*"
Economic B/C Ratio**
=
-404720.23
514478.39
1.27
* Excludes congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
P R E M O ~Results Site 7: A12 South
26/03/2001 12:03:12
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\~ata\Site7.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\D~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (rnin) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
84
21,114
6.00%
=
-
Spaces in YEAR 15
= 135
Evaluation P&R Size = 200
Num Buses Required = 4
............
.'.
Capital Cost
= f
(Scheme Life = 15 Years)
1,200,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0 : Bus Operating Cost = f -2,695,225
= f
-386,371
A: Parking Revenue
= f
-278,875
U: P&R Charges
Total Cost
= f -3,910,221
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
= f
= f
386,371
278,875
17,161
157,840
1,130,735
300,899
0
Total Benefits
= f
2,271,880
= f
=
f
= f
= f
= f
NET PRESENT VALUE (NPV)= f -1,638,341
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
0.29
0.58
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-349007.27
59934.90
0.17
PVC**
PVB* *
Economic B/C Ratio**
*
=
-349007.27
143931.45
0.41
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
**
PREMO~
Results Site 8:
26/03/2001 12:03:27
A130 south
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File :
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site~~.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
No
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
-
80
10
20
340
85,034
6.00%
Spaces in YEAR 15
= 681
Evaluation P&R Size = 800
Num Buses Required = 4
............
Capital Cost
= f
(Scheme Life = 15 Years)
3,000,000
COST/BENEFIT ASSESSMENT :
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,610,459
A: Parking Revenue
= f -1,458,326
= f -1,431,546
U: P&R Charges
Total Cost
= f -6,050,081
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
Total Benefits
= f 13,503,057
NET PRESENT VALUE (NPV)= f
B/C INDICATORS
Operating B/c Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR***
7,452,976
0.71
2.23
-
11.23
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-409679.00
267464.49
0.65
PVC**
PVB**
Economic B/C Ratio**
*
=
-409679.00
581862.53
1.42
Excludes congestion Savings
Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
**
PREMod Results Site 1: A130 North (Outer)
26/03/2001 10:14:24
............
FILE REFERENCE:
Parameter File:
Site File:
COBA FiLe :
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Sitel.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
148
36,945
6.00%
=
-
-
Spaces in YEAR 15
= 317
Evaluation P&R Size = 400
Num Buses Required = 4
............
Capital Cost
= f
(Scheme Life = 15 Years)
1,800,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,829,338
A: Parking Revenue
= f
-615,432
U: P&R Charges
= f
-649,298
Total Cost
= f -4,643,818
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f
615,432
= f
649,298
= f
-242,757
= f -2,560,975
= f -4,589,054
= f -4,717,175
= f
0
Total Benefits
= f -10,845,231
(PVB)
NET PRESENT VALUE (NPV)= f -15,489,049
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
--
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
---
PVC* *
PVB**
Economic B/C Ratio**
--
=
=
-1.35
-2.34
-999.00
-389166.70
-712489.53
-1.83
-389166.70
-1032103.03
-2.65
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod ~esultsSite 2: A130 North (Inner)
26/03/2001 10:16:53
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\~&RModel\Data\~ighMS.par
C:\P&RModel\Data\Site2.def
C:\P&RModel\Data\Coba.def
C:\~&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
No
No
............
............
4%, 6%, 8%, 10%
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Of £-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
241
60,250
6.00%
-
Spaces in YEAR 15
= 484
Evaluation P&R Size = 600
Num Buses Required = 2
............
5.
Capital Cost
= f
(Scheme Life = 15 Years)
2,400,000
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,134,183
A: Parking Revenue
= f -1,022,184
U: P&R Charges
= f -1,017,021
Total Cost
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
Total Benefits
= f -3,723,138
(PVB)
=
=
=
=
=
f
f
E
f
f
= f
= f
1,022,184
1,017,021
-236,793
-2,496,297
-4,240,471
-4,599,166
0
= f -9,533,522
NET PRESENT VALUE (NPV)= f -13,256,660
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
-1.42
-2 -56
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-267748.34
-635763.21
-2.37
PVC**
PVB**
Economic B/C Ratio**
*
=
-267748.34
-949643.46
-3.55
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
**
PREMod Results Site 3:
26/03/2001 10:30:01
A12 North
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
............
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
............
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site3.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
Low
Yes
No
No
No
4%,
6%, 8%, 10%
BASE' PARAMETERS :
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (rnin) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
'
213
53,188
6.00%
=
-
Spaces in YEAR 15
= 490
Evaluation P&R Size = 600
Num Buses Required = 3
............
Capital Cost
= f
(Scheme Life = 15 Years)
2,400,000
,COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,956,674
A: Parking Revenue
= f
-869,913
U: P&R Charges
= f
-985,213
Total Cost
= f -4,361,550
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f
869,913
= f
985,213
= £
-237,262
= f -2,484,648
= f -2,839,788
= f -4,586,488
Total Benefits
= f -8,293,061
(PVB)
= £
0
NET PRESENT VALUE (NPV)= f -12,654,610
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
--
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
---
PVC**
PVB**
Economic B/c Ratio**
=
=
-1.25
-1.90
-999.00
-342926.94
-626440.77
-1.83
-342926.94
-918249.41
-2.68
* Excludes congestion Savings
** Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 4: A1060
26/03/2001 10:39:10
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
DO-~othingFile:
C:\P&RModel\Data\HighMS.par
C:\~&~~odel\~ata\Site4.def
C:\~&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
NO
No
............
............
4%, 6%,
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
a%, 10%
80
10
20
125
31,153
6.00%
= 281
Spaces in YEAR 15
Evaluation P&R Size = 400
Num Buses Required = 1
............
Capital Cost
= f
(Scheme Life = 15 Years)
.:.
1,800,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
0: Bus Operating Cost = f
A: Parking Revenue
= f
U: P&R Charges
= f
Total Cost
-549,750
-872,664
-519,832
-569,296
= f -2,511,542
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A : NM Parking Charges
Total Benefits
= f -2,225,984
NET PRESENT VALUE (NPV)= f -4,737,526
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR***
-
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
---
PVC**
PVB* *
Economic B/C Ratio**
=
-=
-2.70
-0.89
-999.00
-208411.22
-692243.55
-3.32
-208411.22
-558446.19
-2.68
* Excludes congestion Savings
* * Includes congestion Savings
*** Includes capital Cost & Congestion Savings
------------------- - - - - - ---
P R E M O ~~esultsSite 5:
26/03/2001 10:41:49
A414 East
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\~ighMS.par
C:\P&~Model\Data\~ite5.def
C:\P&~Model\Data\~oba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
No
No
4%) 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
-Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
224
56,086
6.00%
-
-
Spaces in YEAR 15
= 475
Evaluation P&R Size = 600
Num Buses Required = 3
............
.;
Capital Cost
= f
(Scheme Life = 15 Years)
.
2,400,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,956,674
= f
-942,584
A: Parking Revenue
U: P&R Charges
= f
-994,605
Total Cost
= f
-4,443,612
(PVB)
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f
= f
Total Benefits
= f -63,876,344
= f
= f
= f
= f
= f
942,584
994,605
-321,345
-3,112,099
-56,593,960
-5,786,129
0
NET PRESENT VALUE (NPV)= f -68,319,957
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
-1.64
-14.37
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-349125.13
-757980.65
-2.17
PVC**
PVB**
Economic B/c Ratio**
*
=
-349125.13
-2961480.25
-8.48
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
**
P R E M O ~Results Site 6: A414 West
26/03/2001 10:42:31
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\~&RModel\Data\HighMS.par
C:\~&~~odel\Data\Site6.def
C:\~&~Model\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
No
No
4%,
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
335
83,771
6.00%
-
Spaces in YEAR 15
= 632
Evaluation P&R Size = 800
Num Buses Required = 2
............
5.
Capital Cost
= f
(Scheme Life = 15 Years)
3,000,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,084,010
= E -1,450,168
A: Parking Revenue
U: P&R Charges
= f -1,352,189
Total Cost
= f -4,436,117
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f 1,450,168
= f 1,352,189
= f
-288,325
= f -2,938,338
= f
684,485
= f -5,443,068
= f
0
Total Benefits
= f
(PVB)
-5,182,889
NET PRESENT VALUE (NPV)= f -9,619,005
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRRf**
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
PVC* *
PVB**
Economic B/C Ratio**
*
**
***
-1.32
-1.17
-
-999.00
=
-319954.30
-688746.17
-2.15
-
=
--=
-319954.30
-497453.21
-1.55
Excludes congestion Savings
Includes Conqestion Savings
Includes cap: tal Cost & congestion Savings
P R E M O ~~esultsSite 7: A12 South
26/03/2001 10:44:04
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\~igh~S.par
C:\P&RModel\Data\Site7.def
C:\P&RModel\Data\~oba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
No
No
4%, 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
-Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
84
20,898
6.00%
=
-
-
Spaces in YEAR 15
= 135
Evaluation P&R Size = 200
Num Buses Required = 3
............
.'
Capital Cost
= f
(Scheme Life = 15 Years)
.
1,200,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,822,561
A: Parking Revenue
= 'f
-382,994
U: P&R Charges
= f
-278,875
Total Cost
= f -3,034,180
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident-Savings
A: NM Parking Charges
f
382,994
f
278,875
f
-313,816
f -3,169,011
= f -3,178,891
= f -5,894,920
= f
0
Total Benefits
= f -11,894,770
(PVB)
=
=
=
=
NET PRESENT VALUE (NPV)= f -14,928,950
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
-2.87
-3.92
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-264068.48
-849413.44
-3.22
PVC**
PVB* *
Economic B/C Ratio**
*
**
***
=
-264068.48
-867404.94
-3.28
Excludes Congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
P R E M O ~Results Site 8: A130 south
26/03/2001 10:45:52
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\~&RModel\Data\~ighMS.par
C:\P&RModel\Data\Site8.def
C:\~&RModel\Data\Coba.def
C:\~&~Model\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
No
No
4%) 6%, 8%, 10%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
-Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
340
85,034
6.00%
Spaces in YEAR 15
= 681
Evaluation P&R Size = 800
Num Buses Required = 3
............
....
Capital Cost
= f
(Scheme Life = 15 Years)
3,000,000
.,COST/BENEFITASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
.O: Bus Operating Cost = f -1,956,674
= f -1,458,326
A: Parking Revenue
U: P&R Charges
= f -1,431,546
Total Cost
= f -5,396,295
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
1,458,326
= f 1,431,546
= f
-307,348
= f -2,973,364
= f -49,328,752
= f -5,504,844
= f
0
Total Benefits
= f -55,224,436
= f
NET PRESENT VALUE (NPV)= f -60,620,732
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR***
-1.09
-10.23
--
-999.00
FIRST YEAR INDICATORS
-PVC*
-PVB*
Operating B/C Ratio* =
-409679.00
-664509.97
-1.62
PVC**
PVB**
Economic B/C Ratio**
*
**
***
--=
-409679.00
-2938269.69
-7.17
Excludes Congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
PREMod ~esultsSite 1: A130 North (Outer)
26/03/2001 12:55:38
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
............
.
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
............
~:\~&~Model\Data\~ighMS.par
C:\P&RModel\Data\Sitel.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\D~.dat
Low
yes
No
Yes
No
4%, 6%, 8%) 30%
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (rnin)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
14 8
36,945
6.00%
-
Spaces in YEAR 15
= 977
Evaluation P&R Size = 1200
Num Buses Required = 4
............
Capital Cost
= f
(Scheme Life = 15 Years)
5,000,000.
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,829,338
A: Parking Revenue
= f
-862,320
U: P&R Charges
= f
- 931,174
Total Cost
= f -5,172,582
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
=
=
=
=
= £
862,320
931,174
-207,194
-2,231,479
-2,457,492
-3,993,717
9,892,241
Total Benefits
= f
2,795,853
= f
f
f
f
f
= f
NET PRESENT VALUE (NPV)= £ -2,376,729
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
1.02
0.54
-
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-389166.70
-712489.53
-1.83
PVC* *
PVB**
Economic B/c Ratio**
-=
-389166.70
-1032103.03
-2.65
*
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings-
**
--
------------
----------
- - - - - - - - - - - -
PREMod Results Site 2:
26/03/2001 12:55:54
A130 North (Inner)
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\P&RModel\Data\High~~;par
C:\P&RModel\Data\Site2.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%) 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (rnin)
Off-Peak Headway (rnin) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
241
60,250
6.00%
Spaces in YEAR 15
= 1588
Evaluation P&R Size = 2000
Num Buses ~equired = 2
............
Capital Cost
= f
(Scheme Life = 15 Years)
8,000,000
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,134,183
= f -1,494,001
A: 'Parking Revenue
U: P&R Charges
= f -1,502,155
Total Cost
= f
-4,680,089
PRESENT VALUE BENEFITS (PVB)
U: Parking Charges
= f 1,494,001
0: P&R Charges
= f
1,502,155
= f
-192,911
U: HGV VOC Savings
= f -2,084,584
U: Car VOC Savings
U: Congestion Savings = f -2,495,381
= f -3,688,455
U: Accident Savings
A: NM Parking Charges = f 9,753,216
Total Benefits
= f
4,288,041
NET PRESENT VALUE (NPV)= f
-392,048
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
1.45
0.92
IRR INDICATORS
IRR** *
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-267748.34
-635763.21
-2.37
PVC**
PVB* *
Economic B/C Ratio**
-
=
=
-267748.34
-949643.46
-3.55
* Excludes Congestion Savings
* * Includes Congestion Savings
*** Includes Capital Cost & Congestion Savings
PREMod Results Site 3:
26/03/2001 12:56:05
A12 North
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-NotHing File:
C:\P&RModel\Data\HighMS.par
~:\P&~~odel\Data\Site3.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
213
53,188
6.00%
Spaces in YEAR 15
= 1558
Evaluation P&R Size = 2000
Num Buses Required = 3
............
....
Capital Cost
= f
(Scheme Life = 15 Years)
8,000,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,956,674
A: Parking Revenue
= f -1,075,591
U: P&R Charges
= f -1,427,895
Total Cost
= f -5,009,910
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
1,075,591
= f 1,427,895
= f
-207,800
= f -2,213,479
= f
-626,822
= f -3,991,587
= f 9,861,926
Total Benefits
= f
5,325,725
NETPRESENTVALUE (NPV)= f
315,815
= f
B/C INDICATORS
Operating B/c Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR***
1.19
1.06
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-342926.94
-626440.77
-1.83
PVC**
PVB* *
Economic B/c Ratio**
=
-342926.94
-918249.41
-2.68
* Excludes Congestion Savings
** Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMO~
Results Site 4: A1060
26/03/2001 12:56:14
............
FILE REFERENCE:
Parameter File:
Site File:
COBA Fi:e:
Do-Nothing File:
C:\P&RModel\Data\~igh~~.~af
C:\P&RModel\Data\Site4.def
C:\~&RModel\Data\Coba.def
~:\~&~~odel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%) 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
125
31,153
6.00%
=
-
Spaces in YEAR 15
= 885
Evaluation P&R Size = 1200
Num Buses Required = 1
............
Capital Cost
= f
(Scheme Life = 15 Years)
5,000,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
Site Operating Cost = f
0: Bus Operating Cost = f
A: Parking Revenue
= f
= f
U: P&R Charges
-549,750
-872,664
-938,978
-825,490
A:
Total Cost
= f -3,186,883
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U:AccidentSavings
A: NM Parking Charges
( PVB)
= £ -4,379,551
= f 9,867,392
Total Benefits
= f
9,877,967
NET PRESENT VALUE (NPV)= f
6,691,084
= f
938,978
= f
825,490
= f
-231,124
= f -2,409,037
= f
5,265,818
B/C INDICATORS
Operating B/C Ratio* =
Economic' B/C Ratio** =
1.45
3.10
IRR INDICATORS
IRR***
5.44
-
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
PVC**
PVB* *
Economic B/C Ratio**
-
=
-208411.22
-692243.55
-3.32
-208411.22
-558446.19
-2.68
* Excludes congestion Savings
* * Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
P R E M O ~Results Site 5: A414 East
26/03/2001 12:56:27
............
FILE REFERENCE:
Parameter File :
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighM~.~ar
C:\P&RModel\~ata\~ite5.def
C:\P&RModel\Data\~oba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
43, 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
224
56,086
6.00%
Spaces in YEAR 15
= 1494
Evaluation P&R Size = 2000
Num Buses Required = 3
............
Capital Cost
= f
(Scheme Life = 15 Years)
....
8,000;000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,956,674
A: Parking Revenue
= f -1,186,612
U: P&R Charges
= f -1,438,407
Total Cost
= f -5,131,443
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
Total Benefits
= f -42,638,433
NET PRESENT VALUE (NPV)= f -47,769,876
B/C INDICATORS
Operating B/c Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR** *
-
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/c Ratio*
-
PVC**
PVB**
Economic B/C Ratio**
--
=
=
0.84
-8.31
-999.00
-349125.13
-757980.65
-2.17
-349125.13
-2961480.25
-8.48
* Excludes Congestion Savings
* * Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
P R E M O ~~esultsSite 6: A414 West
26/03/2001 12:56:36
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site6.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
-
80
10
20
335
83,771
6.00%
Spaces in YEAR 15
= 1988
Evaluation P&R Size = 2000
Num Buses Required = 2
............
I
:
Capital Cost
= f
(Scheme Life = 15 Years)
8,000,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,084,010
= f -2,048,273
A: Parking Revenue
U: P&R Charges
= f -1,919,810
Total Cost
= f -5,601,843
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
2,048,273
= f 1,919,810
= f
-242,297
= f -2,512,926
= f 1,686,524
= f -4,504,963
= f
9,660,323
Total Benefits
= f
8,054,743
NET PRESENT VALUE (NPV)= f
2,452,900
= f
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
1.14
1.44
IRR INDICATORS
IRR***
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/c Ratio*
=
-319954.30
-688746.17
-2.15
PVC**
-PVB**
Economic B/C Ratiox* =
-319954.30
-497453.21
-1.55
* Excludes congestion Savings
* * Includes congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 7: A12 south
26/03/2001 12:56:46
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site7.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
84
20,898
6.00%
=
-
Spaces in YEAR 15
= 422
Evaluation P&R Size = 600
Num Buses Required = 3
............
...
Capital Cost
= f
(Scheme Life = 15 Years)
2,400,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,864,687
= f
-805,269
A: Parking Revenue
= f
-402,329
U: P&R Charges
Total Cost
= f -3,622,036
PRESENT VALUE BENEFITS
U: Parking Charges
.O: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
= f
= f
= f
Total Benefits
= f -1,383,677
= f
= f
= f
= f
805,269
402,329
-273,120
-2,789,381
-4,375,893
-5,060,936
9,908,055
NET PRESENT VALUE (NPV)= f -5,005,713
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
0.83
-0.38
IRR INDICATORS
IRR** *
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
---
-264068.48
-849413.44
-3.22
PVC**
PVB**
Economic B/C Ratio**
--
=
=
-264068.48
-867404.94
-3.28
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 8: A130 South
26/03/2001 12:56:53
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\~&RModel\Data\~igh~~.par
C:\P&RModel\Data\Site8.def
C:\~&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 8%, 30%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (rnin) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
-
80
10
20
340
85,034
6.00%
Spaces in YEAR 15
= 2089
Evaluation P&R Size = 3000
Nurn Buses Required = 3
............
.:.
Capital Cost
= E 10,000,000
(Scheme Life = 15 Years)
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,956,674
A: Parking Revenue
= f -1,681,172
U: P&R Charges
= f -2,044,756
Total Cost
= f -6,232,352
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U:AccidentSavings
A: NM Parking Charges
(PVB)
1,681,172
= f 2,044,756
= E
-274,716
= f -2,679,593
= f -44,725,884
= f -4,860,816
= f 9,806,732
Total Benefits
= f -39,008,348
= f
NET PRESENT VALUE (NPV)= f -45,240,701
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
0.92
-6.26
IRR INDICATORS
IRR** *
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-409679.00
-664509.97
-1.62
PVC**
PVB**
Economic B/C Ratio**
*
=
=
-409679.00
-2938269.69
- 7.17
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
**
PREMod Results Site 1: A130 North (Outer)
26/03/2001 12:58:09
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
~:\~&RModel\Data\High~~.par
C:\~&~Model\Data\Sitel.def
C:\P&~Model\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share :
Low
Yes
No
Yes
No
4%, 6%, 20%, 40%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off - Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
148
36,945
6.00%
Spaces in YEAR 15
= 1308
Evaluation P&R Size = 2000
Num Buses Required = 4
............
Capital Cost
= f
(Scheme Life = 15 Years)
8,000,000
.COST/BENEFITASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,829,338
= f -1,276,234
A: Parking Revenue
= f -1,403,375
U: P&R Charges
Total Cost
= f
-6,058,697
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accidentsavings
A : NM Parking Charges
(PVB)
1,276,234
= f 1,403,375
= f
-139,579
= f -1,589,022
= f
786,319
= f -2,681,414
= f 28,693,204
Total Benefits
= f
= f
27,749,117
NET PRESENT VALUE (NPV)= f 21,690,420
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
4.45
4.58
IRR INDICATORS
IRR***
-
11.29
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-
-389166.70
-712489.53
-1.83
PVC**
PVB**
.Economic B/c Ratio**
*
=
-
-=
-389166.70
-1032103.03
-2.65
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
**
PREMod Results Site 2:
A130 North (Inner)
26/03/2001 12:58:17
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File :
'
............
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
............
C:\P&RModel\Data\High~~.par
C:\P&RModel\Data\Site2.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
Low
Yes
No
Yes
No
4%, 6%, 20%, 40%
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1 :
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
241
60,250
6.00%
-
Spaces in YEAR 15
= 2139
Evaluation P&R Size = 3000
Num Buses Required = 2
............
0.
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
,COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,134,183
A :.'parking Revenue
= f -2,283,520
U: P&R Charges
= f -2,312,968
Total Cost
= f -6,280-,420
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U:AccidentSavings
A: NM Parking Charges
= f 2,283,520
= f 2,312,968
= f
-116,775
= f -1,355,714
= f
594,329
= f -2,186,680
= f 28,214,964
Total Benefits
= f 29,746,611
(PVB)
NET PRESENT VALUE (NPV)= f 23,466,191
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
4.64
4.74
IRR INDICATORS
IRR** *
-
10.34
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
--
-267748.34
-635763.21
-2.37
PVC* *
PVB**
Economic B/C Ratio**
-
*
**
***
=
=
-267748.34
-949643.46
-3.55
Excludes Congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
PREMod Results Site 3: A12 North
26/03/2001 12:58:27
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site3.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 20%, 40%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
213
53,188
6.00%
=
-
-
Spaces in YEAR 15
= 2092
Evaluation P&R Size = 3000
Num Buses Required = 3
............
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,956,674
= f -1,421,432
A: Parking Revenue
U: P&R Charges
= f -2,168,996
Total Cost
= f -6,096,853
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U:AccidentSavings
A: NM Parking Charges
(PVB)
1,421,432
= f 2,168,996
= E
-150,783
= f -1,673,053
= f 2,705,621
= £ -2,890,379
= f 28,636,027
Total Benefits
=
= f
E 30,217,861
NET PRESENT VALUE (NPV)= f 24,121,009
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
4.51
-4.96
IRR INDICATORS
IRR** *
--
10.25
FIRST YEAR INDICATORS
-PVC*
PVB*
Operating B/C Ratio* =
-342926.94
-626440.77
-1.83
PVC**
PVB**
Economic B/C Ratio**
*
**
***
-=
-342926.94
-918249.41
-2.68
Excludes Congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
P R E M O ~Results Site 4: A1060
26/03/2001 12:58:35
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\High~~.par
C:\P&RModel\Data\Site4.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 20%, 40%
............
............
BASE PARAMETERS :
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
125
31,153
6.00%
'
Spaces in YEAR 15
= 1186
Evaluation P&R Size = 1200
Num Buses Required = 1
............
Capital Cost
= f
(Scheme Life = 15 Years)
.._
.
5,000,000
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0 : Bus operating Cost = f
-872,664
A: Parking Revenue
= f -1,637,770
U: P&R Charges
= f -1,255,458
Total Cost
= f -4,315,642
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
1,637,770
= f 1,255,458
= f
-180,965
= £ -1,912,582
= f 5,479,630
= f -3,364,307
= £ 28,578,899
Total Benefits
= f 31,493,904
= f
NET PRESENT VALUE (NPV)= f 27,178,262
B/C INDICATORS
Operating B/c Ratio* =
Economic - B/C Ratio** =
IRR INDICATORS
IRR** *
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
PVC* *
PVB**
Economic B/c Ratio**
*
**
***
6.03
7.30
-
19.67
-
-208411.22
-692243.55
-3.32
-=
-=
-208411.22
-558446.19
-2.68
Excludes Congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
PREMod Results Site 5: A414 East
26/03/2001 12:58:50
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site5.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%) 20%, 40%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
224
56,086
6.00%
Spaces in YEAR 15
= 2004
Evaluation P&R Size = 3000
~ u mBuses
'
Required = 3
............
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
PRESENT VALUE COSTS (PVC)
A : Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,864,-687
A: Parking Revenue
U: P&R Charges
= f -1,595,303
= f -2,182,846
Total Cost
= f -6,192,587
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
1,595,303
= f. 2,182,846
= f
-222,465
= f -2,207,968
= f -33,447,062
= f -3,895,732
= f 28,655,931
Total Benefits
= f -7,339,145
= f
NET PRESENT VALUE (NPV)= £ -13,531,732
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR** *
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/c Ratio*
---
-349125.13
-757980.65
-2.17
PVC**
PVB**
Economic B/C Ratio**
-
*
**
***
=
=
-349125.13
-2961480.25
-8.48
Excludes congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
PREMod Results Site 6: A414 West
26/03/2001 12:58:58
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\,High~S.par
C:\P&RModel\Data\~ite6.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
LOW
Yes
No
Yes
No
4%, 6%, 20%) 40%
............
............
BASE PARAMETERS :
Fare Levels (pence)
Peak Headway (min)
Of f-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
335
83,771
6.00%
=
-
Spaces in YEAR 15
= 2667
Evaluation P&R Size = 3000
Num Buses Required = 2
............
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
PRESENT VALUE COSTS (PVC)
A: Site operating Cost = f
-549,750
0: Bus Operating Cost = f -1,084,010
A: Parking Revenue
= f -3,048,248
= f -2,787,503
U: P&R Charges
Total Cost
= f -7,469,510
PRESENT VALUE BENEFITS
U: Parking Charges
0 : ,P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
= f 27,913,014
Total Benefits
= f 33,112,221
= f 3,048,248
= f 2,787,503
= f
-158,790
= f -1,716,847
= f 4,108,300
= f -2,869,206
NET PRESENT VALUE (NPV)= f 25,642,711
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR***
-
FIRST YEAR. INDICATORS
PVC*
PVB*
Operating B/C Ratio*
---
PVC* *
PVB**
Economic B/c Ratio**
*
=
-
--
=
3.88
4.43
11.26
-319954.30
-688746.17
-2.15
-319954.30
-497453.21
-1.55
Excludes congestion Savings
** Includes Congestion Savings
*** Includes Capital Cost & Congestion Savings
P R E M O ~Results Site 7: A12 south
26/03/2001 12:59:06
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
~:\~&~~odel\Data\~igh~~.~ar
C:\P&RModel\Data\Site7.def
C:\P&~~odel\Data\~oba.def
C:\P&RModel\~ata\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
............
............
4 % ) 6%) 20%, 40%
BASE PARAMETERS :
Fare Levels (pence)
Peak Headway (win)
Off-Peak Headway (min) =
YEAR 1 :
Average Daily Demand
Annual Demand
Discount Rate
80
10
20
=
84
20,898
6.00%
-
Spaces in YEAR 15
= 566
Evaluation P&R Size = 600
Num Buses Required = 3
............
.: .
Capital Cost
= f
(Scheme Life = 15 Years)
2,400,000
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS . (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,864,687
A: Parking Revenue
= f -1,508,105
U: P&R Charges
= f
-609,590
Total Cost
= E -4,532,132
(PVB)
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
1,508,105
= f
609,590
= f
-199,131
= f -2,074,971
= f -8,379,348
= f -3,596,938
= f 28,699,624
Total Benefits
= f 16,566,931
= f
NET PRESENT VALUE (NPV)= f 12,034,799
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
5.50
3.66
-
16.12
FIRST YEAR INDICATORS
-PVC*
PVB*
Operating B/C Ratio* =
-264068.48
-849413.44
-3.22
PVC**
PVB**
Economic B/c Ratio**
*
**
***
-
-
=
-264068.48
-867404.94
-3.28
Excludes congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
PREMod Results Site 8: A130 South
26/03/2001 12:59:15
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\~&RModel\Data\HighMS.par
C:\P&RModel\Data\Site8.def
C:\P&RModel\Data\Coba.def
~:\~&~Model\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 6%, 20%, 40%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (rnin) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
340
85,034
6.00%
Spaces in YEAR 15
= 2793
Evaluation P&R Size = 3000
Num Buses Required = 3
............
.:.
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
COST/BENEFIT ASSESSMENT :
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,909,341
.A: Parking Revenue
= f -2,055,199
U: P&R Charges
= f -3,072,267
Total Cost
= f -7,586,557
PRESENT VALUE BENEFITS
U: Parking Charges
0 : P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
= f
= f
= f
= f
= f
= f
= f
Total Benefits
= f -11,537,463
(PVB)
2,055,199
3,072,267
-212,231
-2,100,331
-39,174,'974
-3,679,365
28,501,973
NET PRESENT VALUE (NPV)= f -19,124,020
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR***
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB* .
Operating B/C Ratio*
-
-409679.00
-664509.97
-1.62
PVC* *
PVB**
Economic B/C Ratio**
-
*
**
***
-
=
=
-409679.00
-2938269.69
-7.17
Excludes Congestion Savings
Includes Congestion Savings
Includes Capital Cost & Congestion Savings
P R E M o ~Results Site 1: A130 North (Outer)
26/03/2001 13:00:36
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
DO-~othingFile:
C:\P&RModel\Dat'a\HighMS.par
C:\P&RModel\Data\Sitel.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
............
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
............
Low
Yes
No
Yes
No
4%, 10%) 30%, 45%
BASE PARAMETERS:
-Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1 :
Average Daily Demand
Annual Demand
Discount Rate
=
-
-
80
10
20
168
41,886
6.00%
Spaces in YEAR 15
= 1473
Evaluation P&R Size = 2000
Num Buses Required = 4
............
Capital Cost
= f
(Scheme Life = 15 Years)
8,000,000
,COST/BENEFITASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -2,829,338
A: Parking Revenue
= f -1,696,317
U: P&R Charges
= f -1,883,974
Total Cost
= f -6,959,379
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
Total Benefits
= f 57,017,738
NET PRESENT VALUE (NPV)= f 50,058,359
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR** *
7.63
8.19
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-400586.21
893604.93
2 -23
PVC**
PVB**
Economic B/C Ratio**
-=
-400586.21
612663.30
1.53
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 2: A130 North (Inner)
26/03/2001 13:00:45
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighM~.par
C:\P&RModel\Data\Site2.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, lo%, 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (rnin)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
278
69,590
6.00%
Spaces in YEAR 15
= 2415
Evaluation P&R Size = 3000
Num Buses Required = 2
............
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0 : Bus Operating Cost = f -1,134,183
A I Parking Revenue
= f -3,085,356
= f -3,116,474
U: P&R Charges
Total Cost
= f -7,885,762
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
3,085,356
= f 3,116,474
= f
-29,437
= f
-506,108
= f 3,829,761
= f
-547,687
= f 50,681,851
Total Benefits
= f 59,630,210
= f
NET PRESENT VALUE (NPV)= f 51,744,448
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
7.08
7.56
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-282007.00
969289.66
3.44
PVC**
PVB* *
Economic B/c Ratio**
*
=
-282007.00
696863.53
2.47
Excludes congestion Savings
* * Includes Congestion Savings
*** Includes Capital Cost & Congestion Savings
PREMod Results Site 3: A12 North
26/03/2001 13:00:53
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\High~~.par
C:\P&RModel\Data\Site3.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, lo%, 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak ~eadway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
227
56,629
6.00%
Spaces in YEAR 15
= 2359
Evaluation P&R Size = 3000
Num Buses Required = 3
............
.._
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = E
-549,750
0: Bus Operating Cost = f -1,909,341
= f -1,772,346
A: Parking Revenue
U: P&R Charges
= f -2,922,950
Total Cost
= f -7,154,386
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
1,772,346
= f 2,922,950
= f
-82,273
= f -1,008,244
= f 5,799,383
= f -1,621,988
= f 51,558,504
Total Benefits
= f 59,340,677
= f
NET PRESENT VALUE (NPV)= f 52,186,291
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
7.48
8.29
IRR INDICATORS
IRR***
--
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-356277.04
969660.21
2.72
PVC* *
PVB*"
Economic B/C Ratio**
=
=
-356277.04
702623.92
1.97
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMO~
Results Site 4: A1060
26/03/2001 13:Ol:OO
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site4.def
C:\P&RModel\Data\~oba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, lo%, 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
159
39,742
6.00%
Spaces in YEAR 15
= 1337
Evaluation P&R Size = 2000
Num Buses Required = 1
............
....
Capital Cost
= f
(Scheme Life = 15 Years)
8,000,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f
-872,664
A: Parking Revenue
= £ -2,349,054
= f -1,693,391
U: P&R Charges
Total Cost
= f -5,464,858
PRESENT VALUE BENEFITS
U: Parking Charges
0 : P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
Total Benefits
= f 57,436,069
NET PRESENT VALUE (NPV)= f 51,971,211
B/C INDICATORS
Operating B/C Ratio* =
Economic- B/C Ratio** =
IRR INDICATORS
IRR** *
9.48
10.51
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/c Ratio* =
-224118.65
907417.27
4.05
PVC**
PVB**
Economic B/C Ratio**
=
=
-224118.65
1039386.97
4.64
* Excludes congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 5:
26/03/2001 13:Ol:lO
A414 East
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site5.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, lo%, 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
239
59,842
6.00%
Spaces in YEAR 15
= 2259
Evaluation P&R Size = 3000
Num Buses Required = 3
............
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
.COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,822,561
A: Parking Revenue
= f -2,008,626
U: P&R Charges
= f -2,940,679
Total Cost
= f -7,321,617
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
2,008,626
= f 2,940,679
= f
-145,946
= f -1,482,814
= f -20,818,902
= f -2,510,381
= f 51,594,773
Total Benefits
= f 31,586,035
= f
NET PRESENT VALUE (NPV)= f 24,264,418
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
7.16
4.31
IRR INDICATORS
IRR** *
-
15.16
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-363109.10
847299.91
2.33
=
PVB**
--
Economic B/C Ratio**
=
PVC* *
-363109.10
-1163428.19
-3.20
* Excludes congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
PREMod Results Site 6: A414 West
26/03/2001 13:01:18
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site6.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, lo%, 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off -Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
80
10
20
380
95,099
6.00%
Spaces in YEAR 15
= 3006
Evaluation P&R Size = 3000
Num Buses Required = 2
............
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = f -1,036,677
A: Parking Revenue
= f -4,063,096
U: P&R Charges
= f -3,691,292
Total Cost
= f -9,340,815
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
4,063,096
3,691,292
-63,035
= f
-782,818
= f 6,292,589
= f -1,068,216
= f 50,108,383
Total Benefits
= f 62,241,291
= f
= f
= f
NET PRESENT VALUE (NPV)= f 52,900,476
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
IRR INDICATORS
IRR** *
5.99
6.66
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio* =
-345911.81
933758.73
2 -70
PVC**
PVB**
Economic B/C Ratio**
=
=
-345911.81
1090460.03
3.15
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
P R E M O ~Results Site 7: A12 south
26/03/2001 13:01:28
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File:
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site7.def
C:\P&RModel\Data\Coba.def
C:\P&RModel\Data\DN.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, 10%) 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (min)
Off-Peak Headway (min) =
YEAR 1:
Average Daily Demand
Annual Demand
Discount Rate
=
-
-
80
10
20
119
29,668
6.00%
Spaces in YEAR 15
= 638
Evaluation P&R Size = 800
Num Buses Required = 3
............
...
Capital Cost
= f
(Scheme Life = 15 Years)
3,000,000
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = E
-549,750
0: Bus Operating Cost = f -1,864,687
A : Parking Revenue
= f -2,222,857
U: P&R Charges
= f
-820,909
Total Cost
= f -5,458,203
PRESENT VALUE BENEFITS
U: Parking Charges
0 : P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
2,222,857
= f
820,909
= f
-113,709
= f -1,229,660
= f -12,177,129
= f -1,971,200
= f 51,586,258
Total Benefits
= f 39,138,326
= f
NET PRESENT VALUE (NPV)= f 33,680,123
B/C INDICATORS
Operating B/C Ratio* =
Economic B/C Ratio** =
9.40
7.17
IRR INDICATORS
IRR** *
-
-999.00
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/C Ratio*
-
-277247.32
766990.51
2.77
PVC**
PVB**
Economic B/C Ratio**
*
**
=
=
-277247.32
702155.05
2.53
Excludes Congestion Savings
Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
P R E M O ~~esultsSite 8: A130 south
26/03/2001 13:01:35
............
FILE REFERENCE:
Parameter File:
Site File:
COBA File :
Do-Nothing File:
C:\P&RModel\Data\HighMS.par
C:\P&RModel\Data\Site8.def
C:\P&RModel\Data\Coba.def
C:\~&~Model\Data\~~.dat
OPTION SELECTION:
Traffic Growth:
With Bus Prority:
Include Inter-Urban:
Parking Charges:
User Charges:
P&R Market Share:
Low
Yes
No
Yes
No
4%, lo%, 30%, 45%
............
............
BASE PARAMETERS:
Fare Levels (pence)
Peak Headway (rnin)
Off-Peak Headway (rnin) =
YEAR 1:
Average Daily Demand
.
Annual Demand
Discount Rate
=
-
-
80
10
20
350
87,390
6.00%
Spaces in YEAR 15
= 3145
Evaluation P&R Size = 3000
Num Buses Required = 3
............
.'..
Capital Cost
= f 10,000,000
(Scheme Life = 15 Years)
COST/BENEFIT ASSESSMENT:
PRESENT VALUE COSTS (PVC)
A: Site Operating Cost = f
-549,750
0: Bus Operating Cost = E -1,909,341
= f -2,432,867
A: Parking Revenue
0 : P&R Charges
= f -4,118,250
Total Cost
= f -9,010,208
PRESENT VALUE BENEFITS
U: Parking Charges
0: P&R Charges
U: HGV VOC Savings
U: Car VOC Savings
U: Congestion Savings
U: Accident Savings
A: NM Parking Charges
(PVB)
2,432,867
= f 4,118,250
= f
-136,744
= f -1,386,376
= f -33,451,533
= f -2,317,560
= f 51,354,348
Total Benefits
= f 20,613,251
= f
NET PRESENT VALUE (NPV)= f 11,603,042
B/C INDICATORS
Operating B/C Ratio* =
Economic B/c Ratio** =
IRR INDICATORS
IRR** *
FIRST YEAR INDICATORS
PVC*
PVB*
Operating B/c Ratio*
PVC**
PVB**
Economic B/C Ratio**
6.00
2.29
-
12.83
-
-425738.04
935927.39
2.20
-
-
=
=
-425738.04
-1194343.61
-2.81
* Excludes Congestion Savings
* * Includes Congestion Savings
* * * Includes Capital Cost & Congestion Savings
Essex County Council
Chelmsford Borough Council
Chelmsford Park & Ride
PreMod Computer Model
Technical Specifications
March 2001
Prepared for:
Essex County Council,
County Hall,
Chelrnsford,
Essex, CM1 1QH
Prepared by:
WS Atkins Consultants Limited,
Threadneedle House, 9- 10 Market Road,
CHELMSFORD,CM1 1JQ.
Document Version:
File Reference:
AII
Doc.Reg. - 04
Rev. 0 Issue Date: 25 March 200 1
CONTENTS
.....................................................................................1
1.
INTRODUCTION
2.
PURPOSE
3.
MODEL ATTRIBUTES
4.
USER INTERFACE
5.
INPUT DATA
6.
OUTPU DATA
7.
MODEL FORM
8.
MODEL SPECIFICATION
................................................................................................... 1
............................................................................1
................................................................................... 2
......:......................................................................................5
............................................................................................7
.......................................................................................... 9
SPECIMEN DATA FILES
....................................................................... 10
P"F@~@O& Technical Specification
1
INTRODUCTION
This document provides an overview of the PreMod computer model and defines
the main parameter relationships used in the model. The purpose and main
attributes of the model are broadly describes along with an overview of the user
interface, data input and data output. A more detailed specification is given of the
overall model as well as the derivation of the individual model components.
Specimen data files are attached at the end of the document for reference purposes.
PURPOSE
The PreMod computer model has been developed to enable quick turnaround
financial and economic assessments of single or combinations of potential Park &
Ride sites. Although primarily intended as a coarse level evaluation tool, the
model incorporates a broad array of determinants under the control of the user and
allows considerable flexibility in assessing wide ranging "what if3" scenarios. The
model and its approach towards managing the data and the financial and economic
assessment of potential sites also ensures a degree of consistency throughout the
evaluation process thereby increasing confidence in the comparison of scenario
outcomes.
MODEL ATTRIBUTES
PreMod is essentially a deterministic model. It calls on a consistent and
coinprehensive bank of data to both manage the evaluation process and to assess
the key financial and economic indicators in response to user requests.
The model uses SATURN data to take snapshots of the tr&c network status in
the "Do nothing" and the "Do something" scenarios as well as at intervals over the
lifetime of the proposed Park & Ride scheme. This approach takes advantage of
the capabilities of SATURN to evaluate key determinants such as traffic volumes
and congestion delays etc., needed for the financial and economic evaluation of a
scheme. The model furthermore incorporates guidelines as set out by the
Department of Transport's COBA manual for carrying out financial and economic
assessments of highway schemes.
One of the aims in the development of PreMod has been to maximize user control
over variables and to facilitate wide-ranging scenario testing. Users can therefore
set-up a range of data input files thereby defining the sensitivities for key variables
that can then be applied consistently to a range of Park & Ride scenarios. The user
can therefore fully define a model run from the user interface. The user selects a
relevant data input file (PreModpar file) and sets the main scenario parameters on
screen, namely, the traffic growth scenario to be applied, the site or site
combination to be assessed, whether to include or exclude new measures, and the
Park & Ride corridor market share scenario to be applied.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 200G2001
I " F @ M @Technical
~
Specification
2
It should be stressed that PreMod has certain limitations and should therefore be
used and interpreted sensibly. In particular the following should be borne in mind:
As with all financial and economic assessments, PreMod weighs the costs and
benefits to produce single indicators to compare the relative merits of different
schemes or variations within a scheme. When applied at the coarse level of
evaluation and where the various cost and benefit in terms of input parameters
amount to rough estimates, the results could be misleading. Ranging values for
sensitive input parameters should therefore be applied to cater for uncertainties.
A firther and more intrinsic limitation to the model in its present form is the
inherent assumption regarding the inter-modal shift elasticity between private car
and Park & Ride usage. This is an area on which only limited research is available.
For simplicity the model assumes a linear elastic relationship with overall journey
cost and that the costs hnction is significantly influence by parking restraint
measures, i.e. increase in town center parking charges. While this may or may not
be the case and with the possibility of other measures being more effective in this
regard, the assumption and inclusion of a counter balance in the model to
counteract the impacts of bus priority measures on traffic congestion costs is
essential. Thus while the model provides a useful mechanism to deal with the
dynamics of mode shiR the above limitation needs to be borne in mind when
interpreting he results from the model.
4.
USER INTERFACE
PreMod user in interface as shown overleaf allows selection of the following
options to define the model run:
-
Default parameter file.
Park & Ride site selection for evaluation.
Traff~cgrowth scenario.
New measures to include in the evaluation.
Park & Ride corridor market share scenario.
PreMod automatically searches for the relevant Site.def and Scenario.dat data
input files based on the site selection for evaluation. The Site.def files exist for
each Park & Ride site and contain site specific parameter definitions. Scenario.dat
input files exist for each site scenario, i.e. either individual sites or combination of
sites, and contain the specific SATURN output information relating to that
scenario. (Data input requirements is discussed in more detail later.)
The selection of corridor market share scenario values is either via the spin buttons
alongside the box for each year, or by selecting a preset range of values. The
preset range of values as shown below enables quick and consistent selection of
market share mix between successive model runs.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS AtMns Anglian Consultancy O 2000-2001
Pr@#fl@d
Technical Specification
3
PreMod MAIN USER INTERFACE SCREEN
SELECTION OF CORRIDOR MARKET SHARE PRESETS
Users can select a traffic growth scenario as well as whether to include or exclude
specific new measures such as parking restraint.
The default parameter file selected can also be edited directly from the main user
interface screen, or simply referenced in the course of a model run to check on
parameter values as shown below:
Model run results are presented in PreMod both in summary table and graphical
form for on-screen examination and can be saved to file and printed for later
reference. A typical summary result table is shown below followed by typical onscreen-graphical results.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 2000-2001
rpf@ad~d
Technical Specification
to Daily Trip Expansion Factors]
PreMod DEFAULT PARAMETER FILE EDITOR
ESENT VALUE COSTS (PVC)
Site Operating Cost = E
-549,750
Bus Operating Cost = E -1,956,674
E -1,458,326
Parking Revenue
= E -1,431,546
= t -5,396,295
ESENT VALUE BENEFITS (PVB)
Parking Charges
= E 1,458,326
= t
1,431,546
= E
-307,348
Car VOC Savings
t -2,973,364
Congestion Savings = E -49,328,752
NM Parking Charges
tal Benefits
=
E
= t
-55,224,436
T PRESENT VALUE (NPV)= E -60,620,732
TYPICAL SUMMARY RESULT TABLE
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consulfancy O 2000-2001
4
.&T@Mo~
Technical Specification
5
NPV TREND LINE
IRR TREND LINE
5.
INPUT DATA
Data input for the model is by way of pre-prepared data files as well as selection
from the user interface at the time of running the model.
The following pre-prepared data files are required to run the model (specimens of
these files are attached to the back of this document):
Default Parameter File - Default.par
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 200a2001
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P)feWd~dTechnical Specification
6
The default parameter file defines information about the following general
parameter and applies to all sites and scenarios:
P&R Bus Service Frequency
P&R Bus Return Fare
P&R Passenger Delay
Bus Priority Speed Factors
Hourly to Daily Trip Expansion Factors
P&R Trip Purpose Split
Parking Trip Purpose Split
Work Based Parking
Non-Work Based Parking
Parking Charges
New Measures Parking Hike Factors (Parking Restraint)
New Measures User Charging (Trips to town center)
Discount Rate
Site Definition File - Site.def
Site definition files exist for each site and. define the following site-specific
parameters:
-
-
-
-
Scheme Costs
Location Data
Inter-Urban Trips
Inter-Urban Fares
Inter-Urban Service Frequency
Inter-Urban Travel Distance
Scenario Definition Files - Scenario.dat
Two scenario definition files are needed to run the mode, the first detailing
aggregated SATURN results for the "Do nothing" case and the seconds for the
"Do something" case.
While the "Do nothing" scenario definition file is generated only once, separate
input files need to be generated for each site, site combination, or any scenario
change made that requires the SATURN model to be re-run.
In particular PreMod uses the following aggregate output generated from
successive runs of the SATURN model to fully define a particular Park & Ride
scenario:
Typically for the opening year "Do nothingy' case, and for the opening year and
year 5, 10 and 15 for the "Do something" case, and in each instance for the AM,
PM and Off-Peak hour:-
-
Total number of trips on the network by vehicle class.
Total number of trips travelling to the town center by vehicle class.
Total travel time on the network by vehicle class.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 2000.2001
P r e n f ~ dTechnical Specification
-
-
-
7
Total distance traveled on the network by vehicle class.
Average travel speed on the network.
Aggregate pollution levels.
COBA definition File - COBA.def
The COBA definition file defines information for the following parameters
derived from the Department of Transport COBA manual and used by the model:
-
-
-
-
-
COBA Trip Purpose Split
Flow Group Proportions VOC
VOC Coefficients
VOC Compound Ann Growth
Vehicle Occupancy
Value of Time
Accident Costs
The following additional scenario definition needs to be selected from the user
interface prior to running the model:
Traffic Growth Scenario
Traffic growth relates to forecast growth and corresponds to the Essex low and
high growth scenarios as applied in the structure planning for the region.
Include/Exclude New Measures
The option exists at run time to either include or exclude the following specific
new measures:
-
-
-
Parking Restraint
User Charges
Inter-Urban Use
Bus Priority
Note that user charges and inter-urban use of Park & Ride site options are not
activated in the model at this stage.
1
Corridor Market Share Scenario
The user can either define specific corridor market share values or select preset
values at run time.
6.
OUTPUT DATA
PreMod computes the following key economic indicators for the scheme tested:
Present Value Costs (PVC)
( 4
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 200G2001
pr@m~d
Technical Specification
-
-
.
Site operating (costto local authority).
Bus operating (cost to operators).
Parking revenue loss (cost to local authority).
P&R charges (cost to P&R users).
Present Value Benefits (PVB)
-
-
-
Parking charges (equates to the above parking revenue loss and is a saving
to P&R users).
P&R charges (equates to the above P&R charges and is a benefit to
operators).
Heavy vehicle operating costs (cost/saving to other network users).
Car operating costs (cost/saving to other network users).
Congestion costs (costhaving to other network users).
Accident costs (costlsaving to other network users).
Parking Restraint Charges (benefit to local authority).
Net Present Value (NPV) = (PVB
- PVC)
(Note that pollution and road user charging are not implemented in the model at
this stage.)
The model generates the following additional economic indicators:
Lifetime of the scheme indicators:
Operating BIC ratio
Economic BIC ratio
(Excludes congestion delay savings)
(Includes congestion delay savings)
Internal Rates of Return (IRR)
First year indicators (excluding congestion delay savings):
First year PVC
First year PVB
First year Operating BIC ratio
First year indicators (including congestion delay savings):
First year PVC
First year PVB
First year Economic BIC ratio
PreMod - Park & Ride Econometric Model (Ver 1.03)
~ ~ ~ r m @ ~ u n c i l ~ h e I r n ~ f o _ r d ~Council
B o r o u& gWS
h Atkins Anglian Consultancy O 2000-2001
- - - -
- - - - ------------
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Technical Specification
9
MODEL FORM
PreMod is a deterministic model based on the interpolation of time slice
information over the lifetime of a scheme. The lifetime of schemes is set to 15
years in the model and time slice information is generated as input data to the
model for the opening year and years 5, 10 and 15. The model interpolates the data
to produce a matrix of annual data for each successive year in the lifetime of the
scheme. The resulting annual data is then discounted in the model to produce the
relevant "Present Value" indicators for the scheme.
General form:
Scheme Value = N P V x H m=~ f{(FinancialCASE), ( E c o n o m i c ~ ~(Discount
~~),
Rate)}
F i n a n c i a l ~ ~=sf~{(CC), (OC)}
CC = f{(Land Acquisition), (P&R I r n p l e r n e n t a t i ~ n ) } ~ ~ ~ ~
OC = f {(MC), (BC), (HVC), (LVC), (ParkRevLoss),
(FareRev), (ParkRestraintRev), ( U s e r C h a r g i n g R e ~ ) ) ~ ~ ~ ~ ~ ~ ~ ~ ~
Economicc~s~
= f{(Delay), (Accident), (Polution))cosT~sAvlNo
Where:
Scheme Value:
Is the Net Present Value (NPV) of the scheme at the
end of the 15-year lifetime.
Financialc~s~:
Represents actual cost / revenue streams.
E c o ~ o ~ ~ c c ~ s ~ : Represents the value of social costs and benefits.
Discount Rate:
CC:
Land Acquisition:
P&R Implementation:
MC:
BC:
HVC:
LVC:
ParRevLoss:
FareRev:
ParkRestraintRev:
UserChargeRev:
Delay COSTISAVING:
Accident c o s ~ / s ~ m c :
Pullution SAVING:
Standard annual discount rate.
Capital cost of scheme.
Land purchase costs.
P&R construction costs.
Site maintenance costs.
Bus costs.
Heavy vehicle costs.
Light vehicle costs.
Parking revenue loss.
Fare revenue.
Parking restraint revenue.
Revenue from user charges.
Congestion delay costs / savings.
Accident costs / savings.
Pollution costs / savings.
PreMod - Park & Ride Econometric Model (Ver 7.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy 'O 2000-2001
Pr@@d@d
Technical Specification
PreMod computes the following key economic indicators for the scheme tested:
Present Value Costs (PVC)
Present Value Benefits (PVB)
Net Present Value (NPV) = (PVB - PVC)
8.
Operating B/C ratio
Economic B/C ratio
Internal Rates of Return (IRR)
(Excludes congestion delay savings)
(Includes congestion delay savings)
First year PVC
First year PVB
First year Operating B/C ratio
(Excludes congestion delay savings)
(Excludes congestion delay savings)
First year PVC
First year PVB
First year Economic B/C ratio
(Includes congestion delay savings)
(Includes congestion delay savings)
MODEL SPECIFICATIONS
SCHEME COSTS
Scheme costs are the fixed cost to the local authority represented by the initial
capital cost outlay in developing a Park & Ride site. This cost factor is intended in
the model to reflect land costs and site development costs, however, excludes
operator outlay costs in acquiring vehicles to run the Park & Ride operation.
General form:
CC = f{(Scheme Type), (Scheme Type Cost)}
Where:
Scheme Type:
Represents the size of Park & Ride side needed in
term of forecast space requirements in year 15 and
equates to the absolute AM-Peak plus half the OffPeak demand in that year.
Scheme Type Cost:
Is the estimated capital costs for each scheme type.
The following scheme types are applied in the model:
Type 1 - 200 spaces
Type 2 - 400 spaces
Type 3 - 600 spaces
Type 4 - 800 spaces
Type 5 - 1,200 spaces
Type 6 - 2,000 spaces
Type 7 - 3,000 spaces
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 200CL2001
Pr@dd~&
Technical Specification
Scheme type costs are user defined for each site in the Site.defdata input files.
MAINTENANCE COSTS
Maintenance costs are the fixed costs to the local authority represented by the cost
of maintaining the Park & Ride site. These costs are annualized in the model for
each year of the scheme life.
General form:
MC = f{(Annual Maintenance Cost))
Annual maintenance costs are user defined for each site in'the Site.defdata input
files.
BUS COSTS
Bus costs are the variable costs to the bus operator(s) represented by the annual
all-in cost of acquiring, maintaining and operating buses needed to service the
Park & Ride site. Bus costs are annualized in the model for each year of the
scheme life.
General form:
-
Numberbuses
= f {(Round Trip Distance), (Average Speed), (Headway))
Average Speed = f {(Bus Priority))
Where:
Numberbuses:
Is the minimum number of buses needed to service the
particular site.
Round Trip Distance:
Round trip distance between the Park & Ride site and
the town center.
Average Speed:
Average bus travel speed is governed in the model by
the inclusion, or exclusion of bus priority measures
and is determined on the basis of speeds derived fiom
the SATURN model runs. Bus priority speed factors
are user defined in the PreModpar data input file.
These factors typically equate to 1.3 times the
SATURN average network speed where priority is
included, and 0.9 times the SATURN average network
speed where priority is excluded.
-
PreMod Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 2000-2001
P r @ l # ~Technical
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Specification
Headway:
Is the time gap between successive services, or service
frequency at the Park & Ride site, at different times of
the day, namely, during the peak and off-peak periods.
Bus service frequencies are user defined in the
PreModpar data input file.
Average annual all-in cost per bus to the operator.
Unit bus costs are derived directly from industry
statistics and equates to 295,243 per annum. This
value is fixed in the model.
HEAVY VEHICLE COSTS
Heavy vehicle costs represents the net saving or net additional cost to heavy
vehicle operators resulting from the implementation of the Park & Ride scheme.
These costs are annualized in the model for each year of the scheme life.
General form:
-
HVCost = f{(DS~voc DN~voc))
-ve = (net savings)
+ve = (net loss)
HVOC = f{(Average Speed))
Average Speed = f {(Bus Priority))
Where:
HVCost:
Net operating loss or savings to heavy vehicle
operators.
DS~voc:
"Do something" heavy vehicle operating costs.
DS~voc:
"Do nothing" heavy vehicle operating costs.
HVOC:
Heavy vehicle operating cost determined in
accordance with the Department of Transport COBA
manual. Standard parameters in this regard are user
defined in the Coba.def data input file.
Average Speed:
Average travel speed on the network is governed in
the model by the inclusion, or exclusion of bus priority
measures and is determined on the basis of speeds
derived from the SATURN model runs.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 2000-2001
k r @ M ~Technical
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Specification
13
CAR COSTS
Car costs represents the net saving or net additional vehicle operating cost to other
motorists resulting from the implementation of the Park & Ride scheme. These
costs are annualized in the model for each year of the scheme life.
General form:
-
LVCost = f {(DS~voc DN~voc))
-ve = (net savings)
+ve = (net loss)
LVOC = f{(Average Speed)}
Average Speed = f {(Bus Priority)}
Where:
LVCost:
Net vehicle operating loss or savings to other
motorists on the network.
DS~voc:
"Do something" light vehicle operating costs.
DS~voc:
"Do nothing" light vehicle operating costs.
LVOC:
,Light vehicle operating cost determined in accordance
with the Department of Transport COBA manual.
Standard parameters in this regard are user defined in
the Coba.def data input file.
Average Speed:
Average travel speed on the network is governed in
the model by the inclusion, or exclusion of bus priority
measures and is determined on the basis of speeds
derived from the SATURN model runs.
PARKING REVENUE LOSS
Parking revenue loss represents the loss of revenue to the local authority in
parking charges fiom motorists who switch from private travel to Park & Ride.
These costs are annualized in-the model for each year of the scheme life.
General form:
-
ParkRevLoss = ~ { ( D N R D~ S R ~ ) ) +ve indicates real cost to local authority
DNRN & DSRW= f{(P&R Market Share), (Parking Split), (Parking Charges))
PreMod - Park & Ride Econometric Model (Ver 7.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglien Consuffency O 2000.2007
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Specification
14
Where:
ParkRevLoss:
Is the loss of parking revenue to the local authority.
Is the generation of parking revenue in the "Do
nothing" scenario.
Is the generation of parking revenue in the "Do
nothing" scenario.
II
P&R Market Share:
Relates directly to the Park & Ride market share
scenarios applied in the model and is determined
interactively by the model user when running the
model. Note that the "Do nothing" scenario equates to
a zero market share.
Parking Split:
Defines the proportions and relationships between
work and non-work, peak and off-peak, short and long
stay parking, as well as private non-residential
parking. Parking split factors are user defined in the
PreModpar data input file. Similarly the work to nonwork trip purpose split is defined user defined in the
Coba.def data input file in accordance with
Department of Transport COBA manual guidelines.
ACCIDENT COSTS
Accident costs represent the net loss or savings in accident costs as a result of the
implementation of the scheme. These costs are annualized in the model for each
year of the scheme life.
General form:
ACCcosT= f{(ACCRATE),(Annual KM Travel), (Accident Unit Cost))
Where:
ACCCOST:
Is the net loss or savings in accident related costs.
ACCRATE:
Is the accident occurrence rate per million kilometers
of travel on the network. This factor is user defined in
the Coba.def data input file in accordance with
Department of Transport COBA manual guidelines.
Annual KM Travel:
Annual network kilometers of travel are determined
directly from the SATURN model runs.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consuffancy O 2000-2001
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Technical Specification
15
FARE REVENUE
Fare revenue represents the charges levied on Park & Ride users in the "Do
something" scenario and generally takes the form of a bus fare collected directly
by the bus operator. Fare revenue is annualized in the model for each year of the
scheme life.
1
General form:
FAREREv= f{(Annual Passengers), (Fares))
Annual Passengers = f{(P&R Market Share), (Vehocc))
Where:
FAREREV:
Is the annual revenue derived fiom fares.
Annual Passengers:
Is the forecast number of annual Park & Ride users.
P&R Market Share:
Relates directly to the Park & Ride market share
scenarios applied in the model and is determined
interactively by the model user when running the
model.
Is the vehicle occupancy factors applied to translate
market share of vehicles to Park & Ride bus
passengers. These factors are user defined in the
Coba.def data input file in accordance with
Department of Transport COBA manual guidelines.
PARKING RESTRAINT
Parking restraint represents parking revenues to the local authority resulting fiom
increased town center parking charges applied specifically to attract Park & Ride
patronage. The inclusion of a parking restraint sub-model is needed to counter
balance the high negative impact of bus priority on congestion delays by mirroring
concomitant measures towards increasing Park & Ride market shares. Excess
parking revenue associated with parking restraint measures is annualized in the
model for each year of the scheme life.
General form:
ParkRevGain = f {(D~PARKING
DEMAND))
DSPARKINGDEMAND
= f{(P&R Market Share), (Parking split), (Parking Charges))
Pre Mod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 2000-2001
pf@8@0&
Technical Specification
16
Where:
ParkRevGain:
Is the excess revenue derived from parking restraint
measures.
DSPARKING
DEMAND:
Is the demand for town center parking for a given Park
& Ride market share in the "Do nothing" scenario.
P&R Market Share:
Relates directly to the Park & Ride market share
scenarios applied in the model and is determined
interactively by the model user when running the
model with parking restraint applied.
Parking Split:
Defines the proportions and relationships between
work and non-work, peak and off-peak, short and long
stay parking, as well as private non-residential
parking. Parking split factors are user defined in the
PreModpar data input file. Similarly the work to nonwork trip purpose split is defined user defined in the
Coba.def data input file in accordance with
Department of Transport COBA manual guidelines.
Parking Charges:
Is defined by the excess parking charges applied, i.e.
the increase over and above base level charges,
attributable to gaining additional Park 7 Ride market
share.
The level of parking charges is controlled by the
model in terms of "Lower" (low market share) and
"Upper" (high market share) scenarios. The latter are
predefined in the model at this stage as follows: The
"Lower" scenario assumes Park & Ride market share
on corridors will grow Grom 4% in year 1 to 6%, 8%
and 10% in years 5, 10 and 15 respectively, and that
no excess parking charges are applied. The "Upper"
scenario assumes parking restraint measures are
applied filly from day one and that market share on
town center bound traffic on comdors will increase to
10% in year 1 and grow to 30%, 40% and 50% in
years 5, 10 and 15 respectively. The new measures
parking charge factors applied in the model are user
defined in the PreModpar data input file.
The model assumes a linear elastic relationships exists
between market share and parking charges within the
range of the "Lower" and "Upper" scenarios.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consulfancy O 2000.2001
Pr@$?"@@d
Technical Specification
USER CHARGING
User charging embodies additional measures at reducing town center trac
whereby drivers or vehicles are charged on the basis of road space usage. Revenue
to the local authority derived from such measures being applied is annualized in
the model for each year of the scheme life. (Note that this feature is not currently
active in the model.)
General form:
DSTOWN
CENTERTRIPS
= f{(P&R Market Share), (User Charges))
Where:
UserRev:
Is the revenue derived from user charging measures.
DSTOW-N
CENTER TRIPS:
Is the volume of traffic travelling to or passing through
the town center trafEc network.
P&R Market Share:
Relates directly to the Park & Ride market share
scenarios applied in the model and is determined
interactively by the model user when running the
model with parking restraint applied.
User Charges:
Is the charge levied on drivers or vehicles entering the
town center traffic network at different times of the
day. User charges are constant for the life of the
scheme, and is turned on or off interactively by the
user when running the model. The levels of user
charges applied in the model are defined in the
PreModpar data input file.
CONGESTION DELAY
Congestion delay represents the costs associated with delays to network users
resulting from the implementation of Park & Ride measures. Excess congestion
delay costs are annualized in the model for each year of the scheme life.
General form:
Delaycos~= f {(An), (Value of Time)}
PreMod - Park & Ride Econometric Model (Ver I. 03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 2000-2001
p f @ E @ ~Technical
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Specification
,x
18
Where:
Delaycos~:
Is the excess cost of congestion delay to network users
compared with the "Do nothing" scenario.
Is the net excess travel time delay to network users
compared with the "Do nothing" scenario.
Value of Time:
Is the value of time in monetary terms associated with
each class of road user. Value of time indices are user
defined in the Coba.def data input file in accordance
with Department of Transport COBA manual
guidelines.
Is the total network travel time for the "Do something"
scenario derived directly fiom the SATURN model
runs.
Is the total network travel time for the "Do nothing"
scenario derived directly fiom the SATURN model
runs.
Is the excess delay in using Park & Ride compared
with not using Park & Ride.
PreMod - Park & Ride Econometric Model (Ver 1.03)
Essex County Council, Chelmsford Borough Council & WS Atkins Anglian Consultancy O 200(F2001
PREMod COBA FILE
[COBA Trip Purpose Split]
Proportion Work AM(%)=90
Proportion Work OP(%)=40
plow Group Proportions VOC]
LGV= 10
OGVl=l
OGV2= 1
[VOC Coefficients (1994)]
aCr-0.592
aLGV=0.922
aOGV1=2.051
aOGV2=1.601
aPSV=3.027
bCa.O.39
bLGV=24.32
bOGV1=51.22
bOGV2=145.75
bPSV=86.33
cCar=0.0000430
cLGV=0.0000577
cOGVl=O.O002708
cOGV2=0.0003823
cPSv=0.0003051
a1Car=3.279
aZGV=3.838
a10GV1=7.815
aVOGV2=8.727
a'F'SV=16.188
b'Car=12.08
bZGV=38.5 1
bVOGV1=l18.39
b10GV2=239.82
bYSV=271.40
WOC Compound Ann Growth]
LG CarLGV 94-96(%)=-8.38
LG OGV 94-96(%)=-7.00
LG CarILGV 96-02(%)=-2.09
LG OGV 96-02(%)=-2.63
LG Car/LGV 02-13(%)=-1.21
LG OGV 02-13(%)=-0.97
LG Ca/LGV 13-15(%)=-0.18
LG OGV 13-15(%)=-1 .OO
HG Car/LGV 94-96(%)=-8.38
HG OGV 94-96(%)=-7.00
HG Ca/LGV 96-02(%)=0.96
HG OGV 96-02(%)=0.32
HG C d G V 02-13(%)=-1.18
HG OGV 02-13(%)=-1 .OO
HG Car/LGV 13-15(%)=-0.17
HG OGV 13-15(%)=-1 .OO
[Vehicle Occupancy (1994)]
Working C w l . 1 1
Non-Working Car=1.74
LG Non-Working Ann Growth(%/ann)=-0.16
HG Non-Working Ann Growth(%/ann)=-0.25
Page 1
[Value of Time ( 1994)l
Working Car(p/veh)=600
Non-Working Car(p/veh)=548.1
Ave LGV(p/veh)=1166.7
Ave OGV(p/veh)=946.0
LG VOT Growth 94-96(%/ann)=1.173
LG VOT Growth 96-01(%/ann)=1.265
LG VOT Growth 0 1-06(%/ann)= 1.468
LG VOT Growth 06-15(%/ann)=2.034
HG VOT Growth 94-96(%/ann)=1.173
HG VOT Growth 96-01(%/ann)=3.260
HG VOT Growth 0 1-06(%/ann)=2.666
HG VOT Growth 06-15(%/ann)=2.374
[Accident Costs (1994)]
COBA Type=4
Rate (per mil km)=0.822
Cost (per acc)=54300
LG AC Growth 94-96(0/o/ann)=2.347
LG AC Growth 96-0 1 ( % / ~ )1.265
=
LG AC Growth 01-06(%/ann)=1.468
LG AC Growth 06-3 I(%/-P2.034
HG AC Growth 94-96(%/ann)=2.347
HG AC Growth 96-0 l(%/ann)=3.260
HG AC Growth 0 1-06(0/dann)=2.666
HG AC Growth 06-3 l(Wann)=2.374
Page 2
PREMod PARAMETERS
[P&R Bus Service Frequency]
SF AM(&)= 10
SF PM(&)=20
[P&R Bus Return Fare]
Fare(pence)=80
[P&R Passenger Delay]
PD Peak(min)= 15
PD Off-peak(min)=20
[Bus Priority Speed Factors]
With Priority=1.3
No Priority=O.9
[Hourly to Daily Trip Expansion Factors]
LV AM=1.5
LV OP38.49
LV PM=2
HV AM=2
HV OF8.57
HV PM=2
[P&R Trip Purpose Split]
P&R Proportion Work AM(%)=90
P&R Proportion Work OP(%)=4O
[Parking Trip mupose Split]
Parking Proportion Work AM(%)=80
Parking Proportion Work OP(%)=40
[Work Based Parking]
WB P W AM(%)=60
WB PNRP OP(%)=30
WB Long Stay AM(%)=80
WB Long Stay OP(%)=30
WB Ave Work Short Stay Peak(Hrs)=3
WB Ave Work Short Stay Off-Peak(Hrs)=3
WB Ave Work Long Stay Peak(Hrs)=8
WB Ave Work Long Stay Off-Peak(Hrs)d
[Non-Work Based Parking]
NW PNRP AM(%)=20
NW PNRP OP(%)=20
NW Long Stay AM(%)=40
NW Long Stay OP(%)=50
NW Ave Work Short Stay Peak(Hrs)=2
NW Ave Work Short Stay Off-Peak(Hrs)=2
NW Ave Work Long Stay Peak(Hrs)=4
NW Ave Work Long Stay Off-Peak(Hrs)=4
[Parking Charges]
Short Stay(p/hr)=40
Long Stay(p/hr)=65
All Day(p)=240
Parking Charge Escalator(%/ann)= 1.4
[New Measures Parking Kike Factors]
Peak Short Stay= 1.05
Peak Long Stay= I. 1
Page 1
Peak All Day= 1.1
Off-Peak Short Stay= 1.05
Off-Peak Long Stay=1.1
Off-Peak All Day= 1.1
[New Measures User Charging - trips to town centre]
UC LV Peak(p)= 10
UC LV Off-Peak(p)=5
UC HV Peak(p)=50
uc HV Off-Peak(p)=25
[Discount Rate]
Annual Discount Rate(%/ann)=6
Page 2
PREMod SITE FILE
Site 8
[Scheme Costs]
Capital Cost(200 spaces)=1200000
Capital Cost(400 spaces)= 1800000
Capital Cost(600 spaces)=2400000
Capital Cost(800 spaces)=3000000
Capital Cost(1200 spaces)=5000000
Capital Cost(2000 spaces)=8000000
Capital Cost(3000 spaces)=10000000
Anual Maintenence Cost~60000
[Location Data]
Distance to Town Centre(km)=5.85
Fter-Urban Trips]
JTW daily inbound(yr2000)=2578
JTW daily outbound(yr2000)=2384
Inbound Market Share(%)=5
outbound Market Share(%)=5
High Growth(%/ann)=1.2
Low Growth(%/ann)=O.8
Fter-Urban Fares]
Average rehun fare(pence)=260
Dter-Urban Service Frequency]
Peak@epartures)=3
Off-Peak@epartures)=7
Fter-Urban Travel Distance]
Average One-Way Distance(km)= 17
Page 1
PREMod SATURN FILE
:Do Nothing
:Lv Hv ratio arn,op,pm (derived from model matrices)
L,0.95,0.95,0.94
H,0.94,0.94,0.93
Page 1
PREMod SATURN FILE
:Do Something, Site 8, With Bus Priority
:Lv Hv ratio am,op,pm (derived from model matrices)
L,0.95,0.95,0.94
H,0.94,0.94,0.93
Page 1
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