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An interdisciplinary debate on project perspectives

Table 2 Present value of costs and benefits for phases 1 and 2 of TransMilenio

From: Democracy on the move? Bogotá’s urban transport strategies and the access to the city

  COP billion (2012) USD billion (2012)
Cost
 Public
  Studies and project preparation costs 28.8 $ 116.03 $
  Real estate purchase and resettlement 332.46 $ 3759 $
  Infrastructure construction and/or rehabilitation 2014.01 $ 1120.83 $
  Infrastructure maintenance 102.8 $ 57.21 $
  Implementation of control centre 34.19 $ 19.03 $
  Control centre operation 7.53 $ 4.19 $
  Costs of the public project management agency 65.21 $ 36.29 $
  Salvage value − 743.874 $ − 413.98 $
 Private
  Bus fleet acquisition 509.52 $ 283.55 $
  Bus fleet operation 878.3 $ 488.79 $
  Implementation of collection system 23.08 $ 12.85 $
  Collection system operation 243.84 $ 135.7 $
Benefits
 Reduced transit travel time 3,287,721 $ 1830 $
 Time lost during construction (− 160,157 $) (− 89 $)
 Reduced transit operating cost 2,503,937 $ 1393 $
 Fewer accidents 517,520 $ 288 $
 Positive health impacts due to lower emissions 235,068 $ 131 $
 Physical activity benefits 177,310 $ 99 $
 CO2 equivalent emissions avoided 193,877 $ 108 $
Total costs 4239.75 $ 2359.48 $
Total benefits 6,755,276 $ 3759 $