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 $ |