NOVEL COST BENEFIT ANALYSIS METHOD PERFORMED IN HIGHWAY DEVELOPMENT AND MANAGEMENT SOFTWARE FOR ECONOMIC IMPACT EVALUATION OF A MOTORWAY NOISE BARRIER

The paper presents a novel process and methods used in economic evaluation of project Motorway D2: Noise Barrier, Jarovce. The article describes technical aspect of construction of the noise barrier. It presents Motorway administrator's financial costs for the construction of this project. The...

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Bibliographic Details
Published inInternational Multidisciplinary Scientific GeoConference : SGEM Vol. 3; pp. 413 - 420
Main Authors Remek, Lubos, Danisovic, Peter, Pepucha, Lubomir, Sedivy, Stefan
Format Conference Proceeding
LanguageEnglish
Published Sofia Surveying Geology & Mining Ecology Management (SGEM) 01.01.2016
Subjects
Aircraft
Computer programs
Construction
Construction costs
Cost benefit analysis
Cost control
Economic analysis
Economic impact
Environmental protection
Evaluation
Health risks
Highways
Impact analysis
Methods
Mitigation
Noise
Noise barriers
Noise levels
Population
Roads & highways
Software
State budgets
Traffic
Working groups
Bulgaria
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Summary:The paper presents a novel process and methods used in economic evaluation of project Motorway D2: Noise Barrier, Jarovce. The article describes technical aspect of construction of the noise barrier. It presents Motorway administrator's financial costs for the construction of this project. The effects are described, mitigation of noise levels is presented and the calculation of noise affected people in the region is provided. The article describes two constituents of noise mitigation benefits: decrease in marked prices of estates in affected region and adverse health effects caused by the noise. Both are monetized in „Do nothing" and „Do something" scenario, „Do something" being the construction of 5,5 m high noise barrier along stretch of D2 and D4 in the vicinity of Junction Jarovce. Cost benefit analysis is conducted in Highway Development and Management Software (HDM-4) where monetized benefits are introduced as exogenous benefits of scenario „Do Something". Evaluation of this type of project is not common in the HDM-4 software, however, this article proves that this type of evaluation is possible, even though most of the monetization needs to be computed manually outside the software.
ISSN:1314-2704
DOI:10.5593/SGEM2016/B53/S21.053