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Pages 95-103

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From page 95...
... 95 S t e p 9 9.1 Goal In this step, the work accomplished in the previous steps is brought together in such a manner that it is possible to reach a decision point on the alternatives under consideration. The next two steps discuss how to present the information and how to evaluate the risk and sensitivity involved in the analysis.
From page 96...
... 96 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments • Consider discount rate guidance established by other modal agencies, if more than one mode is involved. • Decide if some benefits should be discounted at a higher real rate to reflect inherent risk.
From page 97...
... Conduct BCA 97 (in per-unit metric ton of CO2) is used for legacy projects that are associated with intergenerational equity.
From page 98...
... 98 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments There are two cases where the conventional approach to eliminating tolls and taxes as transfers needs to be reconsidered. Determine whether the project(s)
From page 99...
... Conduct BCA 99 private benefits. This contrasts with a pure private perspective where the BCA would only consider private benefits and contracts with financiers who would only consider benefits and costs to financial stakeholders (financial BCA)
From page 100...
... 100 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments inputs are obtained from demand models that allow a breakdown of volumes across user groups. It is common in passenger travel to observe trip purpose breakdowns, for instance.
From page 101...
... Conduct BCA 101 can be used as a decision support mechanism (but not a decision-making tool) to engage stakeholders to contribute toward a project.
From page 102...
... 102 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments 9.4 Best Practices and Examples Best practices for Step 9: • Recognize that not all categories/cells may be pertinent in all cases. • Apportion already calculated benefits to already identified stakeholder types.
From page 103...
... Conduct BCA 103 WebTAG provides several examples of broad public/private breakdowns; however, it is not clear in what way the breakdowns are used in that context and guidance. 9.5 Common Mistakes Common mistakes occur when the project team: • Fails to use the appropriate discounting approach for long-term benefits such as those associated with CO2.

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