Sheet1Length of route (km)Years201320142015201620172018201920202021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045Existing45Traffic Flows AADT - Cars 89579106925794119567972698871005110218103881056010735109131109511147111991125211305113581141111465115191157311627116821173711792118471190311959120151207212128Proposed48AADT - GV 482348844945500850715135519952655331539854665535560556765698572157445767579058135836586058835907593059545978600260266050607460986123AADT - all vehicles137801398914202144181463714860150861531615549157861602616271165181677016845169201699617072171481722417301173791745617534176121769117770178491792918009180891817018251Design Life (years)30Existing Route Person-hours per year (= no. of vehicles per year by trip time in hours by no. of occupants) Cars - Work456046364713479148714952503451185202528953775402542754535478550455305556558256085635566156885715574157685796582358505878Discount Rate4.8%Cars - Non-work 8469861087538898904691969349950496629822998510032100791012710174102221027010318103671041610465105141056310613106631071310763108141086510916GV563457055776584959235998607361506227630663856411643664626488651465406566659266196645667266986725675267796806683368616888Current Annual Average Daily Traffic (AADT) (2013)13780New Route Person-hours per yearCars - Work 278028262873292029693018306831193171322432773293330833243339335533713387340234183435345134673483350035163533354935663583Cars - Non-work516252485335542455145605569857935889598760866115614461726201623162606289631963496378640864386469649965306560659166226653Annual Traffic Growth rate to 2026 (inclusive)GV 343434773521356536103656370237483796384338923907392339393954397039864002401840344050406740834099411641324149416541824198Cars1.66%Time Savings - Person-hours per year Cars - Work 178118101840187119021934196619982031206520992109211921292139214921592170218021902200221122212231224222522263227422842295Goods Vehicles (GV)1.26%Cars - Non-work 330733623418347535323591365037113773383538993917393639543973399140104029404840674086410541254144416441834203422342424262GV 220022272256228423132342237124012432246224932503251325232533254325542564257425842595260526162626263726472658266826792690Annual Traffic Growth rate from 2027 onwardsValue of Time Savings Cars - Work () 21,031 21,380 21,735 22,096 22,462 22,835 23,214 23,600 23,991 24,390 24,795 24,911 25,028 25,146 25,264 25,383 25,502 25,622 25,742 25,863 25,985 26,107 26,230 26,353 26,477 26,601 26,726 26,852 26,978 27,105Cars0.47%Cars - Non-Work () 16,403 16,676 16,952 17,234 17,520 17,811 18,106 18,407 18,713 19,023 19,339 19,430 19,521 19,613 19,705 19,798 19,891 19,984 20,078 20,173 20,267 20,363 20,458 20,554 20,651 20,748 20,846 20,944 21,042 21,141GV0.4%GV () 25,979 26,307 26,638 26,974 27,314 27,658 28,006 28,359 28,716 29,078 29,445 29,562 29,681 29,799 29,919 30,038 30,158 30,279 30,400 30,522 30,644 30,766 30,890 31,013 31,137 31,262 31,387 31,512 31,638 31,765Total cost () 63,413 64,362 65,325 66,303 67,296 68,304 69,327 70,366 71,420 72,491 73,578 73,903 74,230 74,558 74,888 75,219 75,551 75,885 76,221 76,558 76,896 77,236 77,578 77,921 78,265 78,611 78,959 79,308 79,658 80,011Average Speed (km/h)Existing52Accidents - existing Veh/km - Cars 154567531157133352159741765162393479165089210167829691170615664173447884176327119179254149182229768183086248183946753184811303185679916186552612187429409188310327189195386190084604190978002191875598192777414193683467194593780195508371196427260197350468198278015199209922Proposed91Veh/km - GV 82250095832864468433585685398487864745088756408788667395897846049091589092061430932214049359429093968667943445429472192095100807954812119586313596246588966315749701810197406173977957989818698198579729989740489936994499767424100166493100567159Veh/km - Total 236817626240419798244077621247791966251563719255393778259283059263232488267243009271315579275451172276680538277915420279155844280401836281653419282910620284173463285441974286716178287996102289281771290573211291870448293173509294482418295797204297117892298444509299777081Value per hour per person for time savedTotal accidents 47.448.148.849.650.351.151.952.653.454.355.155.355.655.856.156.356.656.857.157.357.657.958.158.458.658.959.259.459.760.0Work 11.81Fatalities4.744.814.884.965.035.115.195.265.345.435.515.535.565.585.615.635.665.685.715.735.765.795.815.845.865.895.925.945.976.00Non-work 4.96Serious Injuries28.4228.8529.2929.7430.1930.6531.1131.5932.0732.5633.0533.2033.3533.5033.6533.8033.9534.1034.2534.4134.5634.7134.8735.0235.1835.3435.5035.6535.8135.97Slight Injuries56.8457.7058.5859.4760.3861.2962.2363.1864.1465.1266.1166.4066.7067.0067.3067.6067.9068.2068.5168.8169.1269.4369.7470.0570.3670.6870.9971.3171.6371.95Vehicle Operating Costs (per vehicle per km)Cost of Fatalities () 11,840,881 12,020,990 12,203,881 12,389,598 12,578,186 12,769,689 12,964,153 13,161,624 13,362,150 13,565,779 13,772,559 13,834,027 13,895,771 13,957,792 14,020,092 14,082,671 14,145,531 14,208,673 14,272,099 14,335,809 14,399,805 14,464,089 14,528,661 14,593,522 14,658,675 14,724,121 14,789,860 14,855,895 14,922,225 14,988,854 FuelCost of Serious () 9,662,159 9,809,128 9,958,367 10,109,912 10,263,800 10,420,066 10,578,749 10,739,886 10,903,515 11,069,676 11,238,408 11,288,566 11,338,949 11,389,558 11,440,395 11,491,459 11,542,753 11,594,277 11,646,033 11,698,020 11,750,241 11,802,696 11,855,387 11,908,314 11,961,479 12,014,883 12,068,526 12,122,410 12,176,536 12,230,905 CarsCost of Slight () 1,932,432 1,961,826 1,991,673 2,021,982 2,052,760 2,084,013 2,115,750 2,147,977 2,180,703 2,213,935 2,247,682 2,257,713 2,267,790 2,277,912 2,288,079 2,298,292 2,308,551 2,318,855 2,329,207 2,339,604 2,350,048 2,360,539 2,371,077 2,381,663 2,392,296 2,402,977 2,413,705 2,424,482 2,435,307 2,446,181Existing 0.123Total cost () 23,435,472 23,791,943 24,153,921 24,521,493 24,894,746 25,273,768 25,658,651 26,049,487 26,446,368 26,849,390 27,258,648 27,380,306 27,502,510 27,625,262 27,748,566 27,872,422 27,996,835 28,121,806 28,247,338 28,373,433 28,500,094 28,627,324 28,755,125 28,883,500 29,012,450 29,141,980 29,272,091 29,402,787 29,534,069 29,665,940Proposed 0.144Accidents - New Veh/km - Cars 164872033167608908170391216173219710176095158179018337181990042185011076188082260191204426194378419195291998196209870197132057198058577198989453199924703200864349201808411202756911203709868204667305205629241206595699207566698208542262209522411210507166211496550212490583 GVVeh/km - GV 877334358883887689958246910917209223947693401693945785549577024496976949981988599943616499833909100233245100634178101036714101440861101846625102254011102663027103073679103485974103899918104315518104732780105151711105572318105994607106418585106844260107271637Existing 0.244Veh/km - Total 252605467256447785260349462264311430268334633272420030276568596280781320285059209289403284293814584295125907296443115297766234299095292300430314301771328303118360304471439305830590307195842308567223309944759311328478312718409314114579315517017316925751318340809319762220Proposed 0.286Total accidents20.220.520.821.121.521.822.122.522.823.223.523.623.723.823.924.024.124.224.424.524.624.724.824.925.025.125.225.425.525.6Fatalities1.411.441.461.481.501.531.551.571.601.621.651.651.661.671.671.681.691.701.711.711.721.731.741.741.751.761.771.771.781.79 Non-fuelSerious Injuries10.1010.2610.4110.5710.7310.9011.0611.2311.4011.5811.7511.8111.8611.9111.9612.0212.0712.1212.1812.2312.2912.3412.4012.4512.5112.5612.6212.6812.7312.79 CarsSlight Injuries22.2322.5722.9123.2623.6123.9724.3424.7125.0925.4725.8625.9726.0926.2026.3226.4426.5626.6726.7926.9127.0327.1527.2827.4027.5227.6427.7727.8928.0128.14Existing 0.166Cost of Fatalities () 3,536,477 3,590,269 3,644,892 3,700,360 3,756,685 3,813,880 3,871,960 3,930,938 3,990,829 4,051,646 4,113,404 4,131,763 4,150,204 4,168,727 4,187,334 4,206,024 4,224,799 4,243,657 4,262,600 4,281,628 4,300,742 4,319,941 4,339,227 4,358,599 4,378,058 4,397,604 4,417,238 4,436,961 4,456,771 4,476,671Proposed 0.171Cost of Serious () 3,435,434 3,487,690 3,540,753 3,594,635 3,649,351 3,704,912 3,761,333 3,818,626 3,876,805 3,935,885 3,995,878 4,013,712 4,031,626 4,049,621 4,067,696 4,085,852 4,104,090 4,122,410 4,140,812 4,159,296 4,177,863 4,196,514 4,215,249 4,234,067 4,252,970 4,271,958 4,291,031 4,310,190 4,329,435 4,348,766 GVCost of Slight () 755,796 767,292 778,966 790,820 802,857 815,081 827,493 840,098 852,897 865,895 879,093 883,017 886,958 890,917 894,893 898,887 902,900 906,930 910,979 915,045 919,130 923,233 927,355 931,495 935,653 939,831 944,027 948,242 952,476 956,729Existing 0.293Total cost () 7,727,706 7,845,251 7,964,611 8,085,815 8,208,893 8,333,874 8,460,786 8,589,662 8,720,531 8,853,425 8,988,376 9,028,492 9,068,788 9,109,265 9,149,923 9,190,764 9,231,788 9,272,997 9,314,390 9,355,969 9,397,735 9,439,688 9,481,830 9,524,161 9,566,682 9,609,393 9,652,297 9,695,393 9,738,682 9,782,166Proposed 0.291Accident SavingsAccident Savings () 15,707,766 15,946,693 16,189,311 16,435,678 16,685,852 16,939,895 17,197,865 17,459,825 17,725,837 17,995,964 18,270,272 18,351,814 18,433,722 18,515,998 18,598,643 18,681,658 18,765,046 18,848,809 18,932,947 19,017,464 19,102,359 19,187,636 19,273,295 19,359,339 19,445,769 19,532,587 19,619,795 19,707,394 19,795,387 19,883,774

Construction Costs 497,800,000.00 Existing Vehicle Operating Costs (VOC)Fuel cars () 19,011,806 19,327,402 19,648,237 19,974,398 20,305,973 20,643,052 20,985,727 21,334,090 21,688,236 22,048,260 22,414,261 22,519,608 22,625,451 22,731,790 22,838,630 22,945,971 23,053,817 23,162,170 23,271,032 23,380,406 23,490,294 23,600,699 23,711,622 23,823,066 23,935,035 24,047,530 24,160,553 24,274,108 24,388,196 24,502,820Land Costs 49,100,000.00Fuel GV () 20,069,023 20,321,893 20,577,949 20,837,231 21,099,780 21,365,637 21,634,844 21,907,443 22,183,477 22,462,989 22,746,023 22,837,007 22,928,355 23,020,068 23,112,148 23,204,597 23,297,415 23,390,605 23,484,167 23,578,104 23,672,417 23,767,106 23,862,175 23,957,623 24,053,454 24,149,668 24,246,266 24,343,251 24,440,624 24,538,387Non fuel cars () 25,658,210 26,084,136 26,517,133 26,957,317 27,404,809 27,859,729 28,322,200 28,792,349 29,270,302 29,756,189 30,250,141 30,392,317 30,535,161 30,678,676 30,822,866 30,967,734 31,113,282 31,259,514 31,406,434 31,554,044 31,702,348 31,851,349 32,001,051 32,151,456 32,302,567 32,454,390 32,606,925 32,760,178 32,914,151 33,068,847Base Date (= start of construction)1/1/14Non fuel GV () 24,099,278 24,402,929 24,710,406 25,021,757 25,337,031 25,656,278 25,979,547 26,306,889 26,638,356 26,973,999 27,313,871 27,423,127 27,532,819 27,642,951 27,753,522 27,864,537 27,975,995 28,087,899 28,200,250 28,313,051 28,426,303 28,540,009 28,654,169 28,768,785 28,883,861 28,999,396 29,115,394 29,231,855 29,348,783 29,466,178Start of operation 1/1/16Total cost () 88,838,317 90,136,360 91,453,725 92,790,703 94,147,593 95,524,696 96,922,318 98,340,771 99,780,370 101,241,437 102,724,297 103,172,059 103,621,786 104,073,485 104,527,167 104,982,838 105,440,509 105,900,188 106,361,884 106,825,606 107,291,363 107,759,163 108,229,016 108,700,931 109,174,917 109,650,983 110,129,138 110,609,392 111,091,753 111,576,232 New VOC Fuel cars () 23,741,573 24,135,683 24,536,335 24,943,638 25,357,703 25,778,641 26,206,566 26,641,595 27,083,845 27,533,437 27,990,492 28,122,048 28,254,221 28,387,016 28,520,435 28,654,481 28,789,157 28,924,466 29,060,411 29,196,995 29,334,221 29,472,092 29,610,611 29,749,781 29,889,605 30,030,086 30,171,227 30,313,032 30,455,503 30,598,644Split of traffic flowsFuel GV () 25,091,762 25,407,919 25,728,058 26,052,232 26,380,490 26,712,884 27,049,467 27,390,290 27,735,407 28,084,874 28,438,743 28,552,498 28,666,708 28,781,375 28,896,500 29,012,086 29,128,135 29,244,647 29,361,626 29,479,072 29,596,989 29,715,377 29,834,238 29,953,575 30,073,389 30,193,683 30,314,458 30,435,715 30,557,458 30,679,688 Cars 65%Non fuel cars () 28,193,118 28,661,123 29,136,898 29,620,570 30,112,272 30,612,136 31,120,297 31,636,894 32,162,066 32,695,957 33,238,710 33,394,932 33,551,888 33,709,582 33,868,017 34,027,196 34,187,124 34,347,804 34,509,238 34,671,432 34,834,388 34,998,109 35,162,600 35,327,864 35,493,905 35,660,727 35,828,332 35,996,725 36,165,910 36,335,890 Goods Vehicles (GV) 35%Non fuel GV () 25,530,430 25,852,113 26,177,850 26,507,690 26,841,687 27,179,893 27,522,359 27,869,141 28,220,292 28,575,868 28,935,924 29,051,668 29,167,874 29,284,546 29,401,684 29,519,291 29,637,368 29,755,917 29,874,941 29,994,441 30,114,418 30,234,876 30,355,816 30,477,239 30,599,148 30,721,544 30,844,431 30,967,808 31,091,680 31,216,046 Total cost () 102,556,882 104,056,838 105,579,141 107,124,131 108,692,152 110,283,553 111,898,689 113,537,920 115,201,612 116,890,136 118,603,869 119,121,145 119,640,691 120,162,518 120,686,636 121,213,054 121,741,784 122,272,834 122,806,216 123,341,940 123,880,016 124,420,454 124,963,265 125,508,459 126,056,047 126,606,040 127,158,447 127,713,281 128,270,551 128,830,268Work / Non-work trips VOC Change Cars () (7,264,673.94) (7,385,267.52) (7,507,862.97) (7,632,493.49) (7,759,192.88) (7,887,995.48) (8,018,936.21) (8,152,050.55) (8,287,374.59) (8,424,945.01) (8,564,799.09) (8,605,053.65) (8,645,497.40) (8,686,131.24) (8,726,956.06) (8,767,972.75) (8,809,182.22) (8,850,585.38) (8,892,183.13) (8,933,976.39) (8,975,966.08) (9,018,153.12) (9,060,538.44) (9,103,122.97) (9,145,907.65) (9,188,893.42) (9,232,081.21) (9,275,472.00) (9,319,066.71) (9,362,866.33) Cars - work 35%GV () (6,453,890.80) (6,535,209.83) (6,617,553.47) (6,700,934.65) (6,785,366.42) (6,870,862.04) (6,957,434.90) (7,045,098.58) (7,133,866.82) (7,223,753.54) (7,314,772.84) (7,344,031.93) (7,373,408.06) (7,402,901.69) (7,432,513.30) (7,462,243.35) (7,492,092.32) (7,522,060.69) (7,552,148.94) (7,582,357.53) (7,612,686.96) (7,643,137.71) (7,673,710.26) (7,704,405.10) (7,735,222.72) (7,766,163.61) (7,797,228.27) (7,828,417.18) (7,859,730.85) (7,891,169.77) Cars - non-work 65%Total change cost () (13,718,564.74) (13,920,477.35) (14,125,416.44) (14,333,428.14) (14,544,559.30) (14,758,857.52) (14,976,371.11) (15,197,149.13) (15,421,241.41) (15,648,698.55) (15,879,571.93) (15,949,085.58) (16,018,905.46) (16,089,032.93) (16,159,469.35) (16,230,216.10) (16,301,274.55) (16,372,646.07) (16,444,332.07) (16,516,333.92) (16,588,653.04) (16,661,290.83) (16,734,248.70) (16,807,528.07) (16,881,130.37) (16,955,057.03) (17,029,309.48) (17,103,889.18) (17,178,797.56) (17,254,036.10) GV - work 100% MaintenanceExisting maintenance () 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000 540,000Average occupants per vehicle Proposed maintenance () 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 Cars 1.6 GV 1.3Design life ranking year00123456789101112131415161718192021222324252627282930Days per year 365Year20142015201620172018201920202021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045 Construction & Land Cost () 231,035,000 315,865,0000.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0Cost per injury Additional Maintenance Costs () (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000) (1,140,000)Fatal 2,500,000Value of Time Savings () 63,413 64,362 65,325 66,303 67,296 68,304 69,327 70,366 71,420 72,491 73,578 73,903 74,230 74,558 74,888 75,219 75,551 75,885 76,221 76,558 76,896 77,236 77,578 77,921 78,265 78,611 78,959 79,308 79,658 80,011Serious 340,000Accident Savings () 15,707,766 15,946,693 16,189,311 16,435,678 16,685,852 16,939,895 17,197,865 17,459,825 17,725,837 17,995,964 18,270,272 18,351,814 18,433,722 18,515,998 18,598,643 18,681,658 18,765,046 18,848,809 18,932,947 19,017,464 19,102,359 19,187,636 19,273,295 19,359,339 19,445,769 19,532,587 19,619,795 19,707,394 19,795,387 19,883,774Slight 34,000Change in Vehicle Operating Costs () (13,718,565) (13,920,477) (14,125,416) (14,333,428) (14,544,559) (14,758,858) (14,976,371) (15,197,149) (15,421,241) (15,648,699) (15,879,572) (15,949,086) (16,018,905) (16,089,033) (16,159,469) (16,230,216) (16,301,275) (16,372,646) (16,444,332) (16,516,334) (16,588,653) (16,661,291) (16,734,249) (16,807,528) (16,881,130) (16,955,057) (17,029,309) (17,103,889) (17,178,798) (17,254,036) Total annual Cash Flow () (231,035,000) (315,865,000) 912,614 950,577 989,219 1,028,553 1,068,589 1,109,341 1,150,821 1,193,041 1,236,016 1,279,757 1,324,278 1,336,632 1,349,047 1,361,523 1,374,061 1,386,661 1,399,323 1,412,048 1,424,836 1,437,687 1,450,602 1,463,581 1,476,624 1,489,731 1,502,903 1,516,141 1,529,444 1,542,813 1,556,247 1,569,749Construction Costs NPV of Cash Flows @ 4.8 % discount rate () (231,035,000) (315,865,000) 870,815 865,496 859,427 852,671 845,287 837,331 828,855 819,908 810,536 800,783 790,688 761,512 733,382 706,264 680,122 654,922 630,632 607,220 584,656 562,910 541,953 521,757 502,297 483,545 465,478 448,070 431,299 415,143 399,578 384,584201440%IRR =-12%201560% Sum of annual cash flow () (507,077,539)Land Costs Sum of NPVs () (527,202,877)201465%The project is not worth doing it as the cost of its entire design life will not overcome the cost of its construction and land cost201535%ExistingProposedPercentage of accidents per year per vehicle-km0.00002%0.000008% Injuries per accident Fatal0.10.07 Serious0.60.5 Slight1.21.1 Maintenance per km of road per year 12,000 35,000

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