On 09/07/14 11:07, Tim Connors wrote:
Building freeways just induces demand. In 10 years time if the link is built, the projections are that traffic will be absolutely no different than it is today. Given that it's not even going to shift 150,000 per day, wouldn't it be more worthwhile wasting that $18B ($120,000 each for those 150,000 regular users!
those income figures look reasonable as they equate to a mean toll price of $12.50 per day when considered over 25 years with an NPV calculation and with cars at half the price of trucks this is about the same as what is paid on the current toll roads. Thus cars at $6.90/day and trucks as double. The $120,000 each for user looks big when aggregated over the life of the project, but not when considered for a single trip which could be as low as $4 initially. http://www.citylink.com.au/files/GUIDE_TOLLS_010714.pdf The road would split much of the traffic from the Eastern Freeway with the part heading to the western end of the city using to toll road as most of the commercial part of the city is now west of Queen Street and in Docklands. Steve