The Benefit Cost Ratio (BCR) is often used to prioritise expenditures
... higher numbers are better, anything less than 1 is not worth proceeding.
Road and Rail BCR = 2.7
"The Bureau of Infrastructure, Transport and Regional Economics has calculated the benefit cost ratio (BCR) for 128 road and rail Nation Building projects, accounting for around 91 per cent of the total value of new capital investment being delivered through the current program.
The indicative findings from this analysis shows that, as at April 2012, the national average BCR is nearly 2.7"
Walking and Cycling BCR = 5
"A recent review of 16 economic valuations of transport infrastructure or policies reported a median benefit-cost ratio (BCR) of 5."
Where would you put your money?
In a few weeks HCC meet to consider the Sandy Bay Walking and Cycling Project
We will keep you informed...