On Ya Bike? A Review of the Christchurch Cycleway Network Business Case
Glenn Boyle () and
James Hill
Working Papers in Economics from University of Canterbury, Department of Economics and Finance
Abstract:
Transport consulting firm QTP Ltd has estimated that the proposed Christchurch cycleway network provides $8 of economic benefits for every dollar invested; i.e., a benefitcost ratio (BCR) of 8.0. As a result, the Christchurch City Council has labelled the network’s business case as “proven”. However, this “proven” business case has been the subject of precisely zero public scrutiny. We provide that scrutiny and find, in contrast to QTP, that the cycleway network is a doubtful proposition from an economic efficiency perspective, having an estimated BCR in the 0.7-1.6 range, at best.
Keywords: Christchurch; cycleway; benefit-cost; transportation (search for similar items in EconPapers)
JEL-codes: D61 L92 O18 R40 R42 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2016-08-08
New Economics Papers: this item is included in nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:cbt:econwp:16/27
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