MCU14/0106 Appendix J - Retail Needs Assessment

User Maintenance and Depreciation Savings
NOOSA CIVIC EXPANSION, 2018 ($2014)                                                                                      TABLE 9.5
                                                              Unit                Low Bound                 High Bound
Total trips diverted                            (1)           (No.)                    83,250                     333,000
Distance saved                                  (2)           (Kms)                9,478,100                 37,912,300
Vehicle maintenance
                                                (3)           ($/km)                    0.088                        0.09
and depreciation
Value of maintenance
and depreciation                    (2) x (3) = (4)           ($)                    835,100                   3,340,500
savings
1. Figures have been rounded.
Source : RACQ ; Urbis



9.3.4        TOTAL CONSUMER SAVINGS
As shown in Table 9.6 below, the total private sector saving resulting from a reduction in escape
spending, and hence travel costs, is estimated to amount to between $5.02 million (low) and
$20.08 million (high) in year 1, increasing each year thereafter in line with population growth.


Total Consumer Savings
NOOSA CIVIC EXPANSION, 2018 ($2014)                                                                                      TABLE 9.6
                                                                    Low Bound                         High Bound
User time savings                                                      2.86                               11.45
Fuel savings                                                           1.32                                5.29
Vehicle maintenance and depreciation savings                           0.84                                3.34
Total Consumer Savings                                                 5.02                               20.08
Source : Urbis




9.4          PUBLIC GOOD BENEFITS
The benefits from reduced on-road time accrue not only to drivers of vehicles but also to the broader
community. Specifically, it leads to improved health, environmental and safety outcomes in the region
relative to the status quo.

9.4.1        ENVIRONMENTAL BENEFITS FROM REDUCED VEHICLE EMISSIONS
The operation of motor vehicles contributes to increased environmental damage as a result of vehicle
tailpipe emissions, particularly  .

Urbis has recalculated estimates originally derived by Sinclair Knight Merz (SKM) and
                                        13                                             14
PricewaterhouseCoopers (PwC) (2010) , using the current European carbon price of €6 as a proxy for
environmental impact. This is necessary in the absence of an Australian Emissions Trading scheme.

Urbis notes that a number of other trace elements emitted from the vehicles have not been quantified in
this assessment. Elements such as nitrogen oxide, carbon monoxide and hydrocarbons form a small
component of total emissions (around 2%), and have thereby been omitted from this report.

The forecast benefits from reduced vehicle emissions in 2018 as a result of less travel by trade area
residents is valued at between $19,000 and $75,800.




13
   Sinclair Knight Merz and PricewaterhouseCoopers (2010), “Benefits of the inclusion of active transport in infrastructure projects”
   access from http://www.cbdbug.org.au/wp-content/uploads/north-brisbane-cycleway/135-00825-file8.pdf
14
   Thompson Reuters




130       TRAVEL, TIME AND ENVIRONMENTAL BENEFITS
                                                                                                                                       URBIS
                                                                                NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL