Discover data-driven insights on how environmental, social and economic (ESE) impact estimation is influenced by key parameters, benchmarks, public policies and guidance documents, and how infrastructure investments can help create sustainable, resilient and inclusive societies through their ESE impacts.
Undertaking a complete cost-benefit analysis can be expensive. In fact, for many cities and municipal authorities, the time and resource costs can be prohibitive. This cost barrier can complicate early-stage decisionmaking and block further analysis of local projects that have the potential to provide important societal benefits.
This shorthand tool enables governments and project proponents to define and articulate the ESE benefits of potential bus projects in a quicker, more accessible and affordable manner.
The tool does not require specialised cost-benefit analysis or transportation planning expertise, but it is useful to have reasonable knowledge of Microsoft Excel. The benefit of the shorthand tool is that it incorporates a fully-fledged cost-benefit analysis within a model that is widely accessible to non-experts. It incorporates leading practices to enable analysis to guide early-stage decisionmaking.
As shown in the image at right, the tool estimates:
Importantly, the shorthand tool can also be used to show the distribution of benefits by gender and income group. Distributional effects are becoming increasingly important to attracting the attention of governments around the world, and are typically not assessed in conventional cost-benefit analysis.
The tool consists of a Microsoft Excel spreadsheet that contains the model itself as well as guidance on what inputs are needed and how to use the spreadsheet. There are some minimum required inputs, and a range of optional inputs. In many cases the tool has embedded guidance, benchmarks, and assumptions to help users complete the required and optional inputs.The required inputs are:
It is important to note that the tool provides several forms of guidance to derive default values (benefits and costs) based on the user’s project parameters. For example, users can estimate capital and operating costs with just a few inputs.
As an output, the tool produces a cost-benefit analysis and results summary that can be used to put forward the investment for further consideration and analysis. As shown below, users need only to provide a limited number of inputs into the model. The model itself does the transit demand modeling, impact modeling, and cost-benefit analysis calculations. More detailed guidance is available in the model spreadsheet.
*Current transit and vehicular data for your locality can be obtained from StreetLight Data, whose metrics cover U.S. and Canadian origin-destination, travel volume, travel times, and traveler income demographics.
Access to the free shorthand cost-benefit analysis tool is available to everyone who has subscribed to the GI Hub’s newsletter.
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We're currently taking comments on this tool.
Issued for consultation in June 2021, this tool is available now, and we are inviting feedback on topics such as:
This shorthand cost-benefit analysis model (shorthand tool) is made available by the Global Infrastructure Hub (GI Hub). The GI Hub engaged with Deloitte LLP (Canada) to develop the shorthand tool. Deloitte’s expertise, perspective, guidance, and modelbuilding activities contributed substantially to the development and release of this shorthand tool.
Neither GI Hub nor any of the parties that contributed to and/or are referenced in the shorthand tool assume any responsibility or liability for losses incurred by any party as a result of the circulation, publication, reproduction, or use of the shorthand tool. If you rely on the shorthand tool, you do so entirely at your own risk. This tool is not intended to replace a comprehensive cost-benefit analysis.
The shorthand tool was prepared using publicly available data and information available as at December 1, 2020. The data and information include but are not limited to economic data, industry and market data, published cost-benefit analysis guidance, published academic and other third-party literature, and more. The shorthand tool has been designed for objectivity, and accordingly relies on the integrity of the aforementioned data and information. Moreover, it should be noted that some of the aforementioned data and information may have changed since it was collected, which could impact the accuracy and reliability of the shorthand tool.
Please also note the following general limitations and conditions that the shorthand tool is subject to.
The outcomes of the model should not be viewed as making or supporting specific recommendation(s). The outcomes are intended to assist users with analysis and insights so that users can make their decision(s) based on the outcomes and many other factors (including but not limited to context, objectives, information, regulatory considerations, public policy objectives, mandates, and obligations).