MCU14/0106 Appendix J - Retail Needs Assessment

Benefits from Reduced Vehicle Emissions
NOOSA CIVIC EXPANSION, 2018 ($2014)                                                                             TABLE 9.7
                                                                 Unit      Low Bound               High Bound
Total trips diverted                              (1)            (No.)          83,250                  333,000
Distance saved                                    (2)            (Kms)      9,478,100               37,912,300
Environmental impacts
                                                  (3)            ($/km)         0.0020                   0.0020
of emissions

Value of decreased
                                      (2) x (3) = (4)            ($)            19,000                   75,800
carbon emissions
1. Figures have been rounded.
Source : SKM & PwC ; Thompson Reuters ; Urbis



9.4.2        HEALTH IMPACTS OF REDUCED VEHICLE EMISSIONS
Vehicle emissions directly contribute to decreased air quality and increased health costs. This cost is
                                      15
estimated at $0.0273/km per vehicle in 2014 prices.

As shown in Table 9.8 below, the forecast benefits from air pollution improvements in 2018 as a result of
less travel by trade area residents is valued at between $258,300 and $1.0 million.


Air Pollution Improvements
NOOSA CIVIC EXPANSION, 2018 ($2014)                                                                             TABLE 9.8
                                                                Unit      Low Bound               High Bound
Total trips diverted                             (1)            (No.)         83,250                  333,000
Distance saved                                   (2)            (Kms)      9,478,100               37,912,300
Air quality impacts of
                                                 (3)            ($/km)        0.0273                   0.0273
emissions
Value of increased air
quality through less                  (2) x (3) = (4)           ($)          258,300                1,033,300
emissions
1. Figures have been rounded.
Source : PwC ; Urbis



9.4.3        VEHICLE ACCIDENT REDUCTION
A significant social and economic impact associated with private transportation is vehicle accidents. A
reduction in distances travelled and time spent on-road by vehicles would be expected to result in fewer
vehicle related accidents.

The cost of traffic related accidents was extracted for South East Queensland using 2014 average annual
                                                  16
accident frequencies for South East Queensland , according to the Queensland Department of Transport
and Main Roads (QDTMR), and the average cost of road accidents in Queensland from the Bureau of
                                                            17
Infrastructure, Transport and Regional Economics (BITRE) . This results in a cost per kilometre travelled
of $0.0173 in 2014 prices.

The forecast benefits from the anticipated reduction in vehicle accidents in 2018 due to less travel by
trade area residents, is valued at between $163,500 and $654,100, as shown in Table 9.9 below.




15
   PricewaterhouseCooopers (2010), Estimating the Benefits of Walking – A cost benefit Methodology, access from
   http://www.pcal.nsw.gov.au/__data/assets/word_doc/0009/116559/PwC_Walking_Methodology_Final_020311restricted_2.docx
16
   Queensland Department of Transport and Main Roads (2014), Queensland Road Crash Weekly Report, report no.870)16,
accessed from, https://www.webcrash.transport.qld.gov.au/webcrash2/external/daupage/weekly/roadsense.pdf
17
   Bureau of Infrastructure, Transport and Regional Economics (2010), Cost of road crashes in Australia 2006, Report 119,
   Canberra, access from, https://www.bitre.gov.au/publications/2010/files/report_118.pdf




URBIS
NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL                      TRAVEL, TIME AND ENVIRONMENTAL BENEFITS   131