Sheth, A and Sarkar, D (2020) Socio-economic feasibility analysis for sustainable mass rapid transit project in Western India. Journal of Construction in Developing Countries, 25(2), pp. 129-151. ISSN 1823-6499
Abstract
Sustainable public transport systems may be achieved by adopting electric bus locomotion. The problem being addressed by this research is the development and case application of a computation methodology of the social benefit cost ratio of an electric bus transport project in India and identification of whether it can significantly favour the situation of environment friendly transport. The underlying theory behind this approach is if the environmental and social dimensions of an infrastructure project are considered in addition to the financial dimensions for the purpose of project appraisal, a holistic evaluation can be achieved and such an evaluation can give an edge to the approval of environmentally friendly projects. The evaluation has been performed using the present worth analysis of various types of benefits and costs associated with the implementation of the electric bus rapid transit system in a city. The variables considered in the researched methodology are benefits which are revenue, savings in vehicle operating costs (VOC), environmental benefits, savings in travel time, reduction in accidents and non-consumption of fossil fuel, and costs which are infrastructure investment costs, cost of the bus fleet, maintenance cost, replacement costs, cost of system operation and maintenance and additional electric power generation. The outcome as indicated by the value of the social benefit-cost ratio (SBCR) illustrates that such projects can be positively justified from point of view of the benefits gained by the society as well as fruitful returns and value addition of infrastructure investment in the long run. The research contributes by validating that social benefit-cost analysis (SBCA) can be used for the evaluation of sustainable transport system appraisals in order to make their realisation more favourable.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | electric buses; life cycle cost; public transport; social benefit-cost ratio; sustainable transport |
| Index terms: | life cycle cost, revenue, project appraisal, sustainable transport, operation and maintenance, social benefit, social benefit-cost ratio, society, public transport, approval, cost analysis, replacement, consumption, appraisal, computation, methodology, infrastructure investment, savings, electric power generation, environmentally friendly, maintenance cost, infrastructure project, dimension, India, implementation, operating cost, fossil fuel |
| Subjects: | Geography, sustainable design, research methods, maintenance engineering, financial management, theoretical framing, factor and component analysis, communities and social development, infrastructure and transport systems, materials science, consumer economics, computational methods, contractual role, financial and cost management, project delivery, health monitoring assessment and metrics, economic analysis, energy systems, contractual arrangements |
| Topics: | Health and Safety, Business Strategy, Cost Management, Engineering Principles, Geographical Context, Project Management, Research Practice, Stakeholder Management, Sustainability, Procurement, Digital Applications, Urban Studies, Contract Administration |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here