PRT Consulting, Inc.
1340 Deerpath Trail, Suite 200
Franktown, CO 80116, USA

Efficient Transit Solutions
Personal Rapid Transit Route Planning

PRT Cost/Benefit

Benefit/Cost Evaluation of Personal Rapid Transit

The purpose of a benefit/cost evaluation is to determine if the overall benefits to society exceed the overall costs. Typically, the quantifiable benefits are divided by the quantifiable costs. If the resulting ratio is greater than 1.0, the project is considered viable from this standpoint. Viability from a benefit/cost standpoint does not necessarily imply financial feasibility, since it may not be possible to monetize all of the benefits. Financial feasibility is discussed under Business Plan.

Typical Costs

  • Capital costs
  • Right-of-way costs
  • Engineering, legal and administrative costs
  • Operating costs
  • Maintenance costs
  • Construction disruption

Typical Benefits

  • Fare revenue
  • Increase in property values
  • Reduction in traffic congestion
  • Reduction in automobile operating costs
  • Reduction in accidents
  • Reduction in emissions
  • Reduction in energy use
  • Time savings
  • Improved transit reliability
  • Construction and manufacturing jobs

The analysis of costs and benefits of the personal rapid transit system should attempt to quantify all costs and benefits, while carefully avoiding counting one benefit more than once (e.g., reduction in automobile operating costs should be offset by increased fare costs).

Merging Personal Rapid Transit Layout