Title: FINANCIAL ANALYSIS METHODOLOGY FOR REGIONAL RAPID TRANSIT SYSTEM DEVELOPMENT. ABRIDGMENT
Abstract: In planning large-scale transportation improvement projects, local, state, and federal governments all insist that a major consideration be the establishment of the financial workability of the proposed project. The financial commitments involved in such projects extend over long periods of time and can potentially impose untenable financial burdens on a community. It is therefore imperative that the financial requirements be identified early in the planning process. This requires an analysis over time of capital costs, operating and maintenance costs, revenues, and funds from local, state, and federal sources. Through such an analysis, the financial impact of various design parameters and policies, such as fare structures and levels, can be identified and evaluated. The computerized financial model described in this paper was developed for the metropolitan Dade County transportation improvement program--stage 1: rapid transit system. The costs presented here are for stage 1 (alternative), a 34.5-km (21.5-mile) conventional rail system. The financial model is being used in planning for the Dade County combined bus-rail transit system. This financial (or cash-flow) model was developed and is being used to assist in the financial analysis of various design parameters and alternatives and in the evaluation of policy decisions. The model provides a yearly analysis of capital-cost and operating-cost expenditures, capital-funding and operating-funding sources, operating revenues, and other funding sources. It also calculates the annual net cash flow and determines the extent of additional funding required. /Author/
Publication Year: 1978
Publication Date: 1978-01-01
Language: en
Type: article
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