Fixing Country Roads: Funding Round 3: Project Cover Page

We encourage councils to use this economic model when applying for funding under other programs.
Model can be used to calculate Benefit Cost Ratios

(BCRs), which are required under many funding programs. Please also see the FAQ document, if you require further assistance please contact us via
freight@transport.nsw.gov.au
Fixing Country Roads: Funding Round 3

PROJECT COVER PAGE
Project Name: [ Insert project name here ]
Local Government Area: [ Insert Local Government Area here ]

FCR Funding Requested (in $): [ Insert requested funding amount here ]
Please read the "How to Guide" Worksheet for guidance on how to use the benefit cost analysis model. Do not proceed with using the model
WITHOUT reading the "How to Guide" first. It is recommended that the user print this worksheet for easy referencing.
FCR Reference Number (Application ID)

We encourage councils to use this economic model when applying for funding under other programs. Model can be used to calculate Benefit Cost Ratios (BCRs), which are
required under many funding programs. Please also see the FAQ document, if you require further assistance please contact us via freight@transport.nsw.gov.au
Benefit Cost Analysis Model

How to Guide
Important Notes:
- Projects that are interdependant should be evaluated together as a program, using a single model. This ensures that benefits are not double counted.
The total program cost will be the sum of each discrete project cost.
- The results of the analysis are subject to change pending review by TfNSW.
- The data provided in this model is subject to review and enquiry by TfNSW.
- This model has been developed in line with TfNSW's Economic Appraisal Guidelines.
- Do not proceed with using the model without reading the "How to Guide" first. For easy referencing, please print this page before inputing data into the
worksheet.
- If you have any questions or difficulties in relation to using the model, please email freight@transport.nsw.gov.au with your question and contact details
and TfNSW will contact you.
What is a Benefit-Cost Analysis ?
Introduction:
TfNSW has developed a benefit cost analysis model to assist councils in calculating benefit-cost ratio's for Fixing Country Road projects. A benefit-cost
analysis (BCA) is an appraisal tool used to analyse the feasibility of infrastructure projects.
How does the model work ?

A benefit-cost analysis determines the net economic worth of a project by quantifying and comparing economic costs of a "current scenario" to a "project
scenario" (the project). Economic costs are quantified by multiplying standardised economic parameters by the data provided in the Data Input Template
Worksheet. This information is forecast over the life of the asset and compared for both scenarios to determine the project's net benefits / costs. The cost
comparison will then produce a net benefit or net cost expressed in the form of a benefit-cost ratio, automatically calculated by the model. The project BCR
will be one of the tools used to assist Government in evaluating and prioritising projects. As such, it is crucial that project proponents provide project data,
as specified in the Data Input Template Worksheet with supporting reports / analysis identified in Referencing & Assumptions Table.
Before you start - General Notes

This section provides some important notes that should be read before using the model:
- All data is to be inputted into the Data Input Template Worksheet. All fields marked as blue are mandatory, where a commodity has been inputted. Data
is to be inputted for the current scenario and project scenario. Missing cells will result in an invalid BCR.
- All inputted data will need supporting evidence, reports, calculations and assumptions to justify the data. This information is to be provided in the
Referencing & Assumptions Table. Further information can be found in the worksheet.
- A benefit-cost analysis is not required for Bridge Testing & Assessment Projects.
- A Data Input Template user guide (shown below) has been prepared to assist project proponents in populating the mandatory fields. The reference
numbers in column B correspond to the reference numbers in the Data Inputs Template Worksheet. These data inputs for the benefit-cost analysis are an
essential component to the Fixing Country Roads project prioritisation process.
- A case study example section has also been prepared to assist users in understanding what is to be considered in calculating a benefit-cost ratio across
different project types.
Capex Input Template - User Guide

Project capital costs should be entered into the Capex Input Template. Costs should be itemised by cost category as indicated within the template.
Additional cost items can be included if they are not shown in the template. Cost can be included as a quantity multiplied by unit rates or as a lump sum.
Data Input Template - User Guide
1 General Project Information

1.1 This information will be automatically filled with information inputted into the Cover Page Worksheet.
1.2 This information will be automatically filled with information inputted into the Cover Page Worksheet.
1.3 This information will be filled by TfNSW Staff
2 Key Project Details

2.1 Total project costs are to include all costs related to the project (in real FY17/18 dollars) as provide in the FCR Full Application Form. The capital costs in
the Data Inputs Template will be sourced from the Capex Input sheet. All costs should be included irrespective of the funding source e.g. private, local,
state and federal funding.
2.2
Estimate the number of years of service expected from the asset. Road assets such as bridges, roads etc. have asset lives typically greater than 30 years.
2.3 As defined in 2.1, profiled by expenditure per financial year. The total should be equal to the total project cost in the full FCR submission.
3 Cost Assumptions
3.1 In this section, please input maintenance costs for the current and project scenario. The maintenance costs under the current scenario should consider the
maintenance costs of roads, bridges, culverts etc. currently being used by the trucks on existing routes. The maintenance costs under the project scenario
should consider the change of maintenance costs for the existing assets used under the current scenario plus the maintenance costs of any new assets
and/or roads being used. Note that the routes being used under the current and project scenario may differ. Proponents are to outline the rational for
change of the maintenance costs in the "Referencing & Assumptions Table" Worksheet.
Maintenance costs include Routine Maintenance and Major Periodic Maintenance. These costs may increase over time under the current scenario if the
current asset is becoming increasingly degraded. Please insert these forecast changes (in real FY17/18 dollars) into the Cashflow Worksheet manually.
4.0 Demand Inputs & Assumptions
4.1.1 Provide the requested data by commodity. This information is crucial to calculating a BCR for the project and all fields are mandatory. A definition of each
data-type is provided in the definitions section below.
4.1.2 State the average forecast growth in vehicle movements per year under the current scenario (no infrastructure upgrade) and project scenario. The forecast
growth under the infrastructure upgrade scenario may differ if the new infrastructure triggers or generates additional freight movements. Please state the
assumptions used to derive this figure in Referencing & Assumptions Table Worksheet.
4.2 Profile the type of trucks used to transport each commodity, expressed as a percentage of total trucks. The truck profile may change significantly between
the "current scenario" and "project scenario" for projects that improve accessibility for higher productivity vehicles. If the exact vehicle is not available in the
table, select the vehicle that best matches.
5.0 Enter the number of incidents (fatalities, injuries and property damage) that are related or caused by the problem/infrastructure constraint. The figure
entered should be an annual average figure e.g. 1 injury in the last 5 years would be entered as 0.2 (1 injury / 5 years ). Please indicate if this data is an
estimate or actually recorded. If estimated, please provide a description of the rationale or methodology.
5.4 State the period in which safety data was measured and collected.
5.5 "Other" refers to any other relevant safety data or metrics that may be known. Please provide a detailed description in the "Referencing & Assumptions
Table" Worksheet.
Definitions
Total project costs
Is the total project cost in real FY17/18 dollars. The figure is to include all costs as identified in the FCR Full Application Form e.g. contingency,
construction, overheads, planning/development works etc. The cost should include all costs e.g. private, local, state and federal funding.
FY17/18 Real dollars

Refers to costs that have been adjusted to "today's value" i.e. FY17/18 values that have been adjusted for escalation / inflation. E.g. a project cost quoted
in FY15/16 would need to be inflated by 3% per annum (for 2 years) so that it is expressed in FY17/18 real dollars.
Current Situation
Refers to what would be required to maintain the status quo or prescribed levels of service over the life of the project i.e. what would happen without any
capital funding. The data template worksheet identifies the data required to define the "current scenario".
Project Upgrade Situation
Refers to what would happen if the proposed project was implemented. The data template worksheet identifies the data required to define the "Project
Scenario".
Average Trip Distance
Is the average (weighted average) distance that a commodity is transported from its origin to its end destination (in kilometres).
Average Trip Time

Is the average (weighted average) time it takes to transport a commodity from its origin (once loaded) to its arrival time at its end destination (in minutes).
Total tonnes transported

Is the net tonnes transported per year for each commodity (in tonnes)
Total truck trips
Is the number of truck trips required to transport the stated yearly tonnes (as an integer). It includes truck trips involving return empty-running.
Additional Demand
Additional demand, as requested in Section 4.1.1. under the Project Scenario, refers to any additional commodities triggered by the project being
implemented E.g. Industry has committed to moving 30 tonnes of grain if a particular network constraint was addressed. This data requires supporting
analysis / evidence.
Recurrent Costs
Recurrent costs refer to any on-going, non-maintenance costs such as wages, operating costs, inspections etc.
Benefit-Cost Ratio
The benefit-cost ratio (BCR) is a key economic parameter calculated through a benefit-cost analysis. Is the present value of benefits divided by the present
value of costs. It is automatically calculated in the model. A BCR value greater than 1 indicates that benefits exceeds costs.
Net Present Value

Net Present Value is a key economic parameter calculated through a benefit-cost analysis. It is the present value of the project's benefits minus the
present value of the projects costs. A value greater than zero indicates that project benefits exceed project costs.
Fixing Country Roads Case Study Examples
An economic analysis captures potential project benefits by quantifying and comparing the economic costs of the current situation to the economic costs of
the project scenario. The economic model will calculate costs by multiplying standardised economic parameters by the information provided in the Data
Input Template Worksheet. This information is forecast out over the life of the asset for both scenarios and compared to determine the projects net benefits
/ costs.
The section below provides a description of how an economic analysis would determine project benefits for different project types. It also provides an
indication of the types of data required (critical data) to achieve this.
Important Notes:
- All data inputted into the model will require supporting analysis, calculations, notes, assumptions and methodologies used under the "Referencing &
Assumptions Table"; and
- All data will need to be inputted for the current scenario and project scenario. They will then be compared to calculate the change / difference and BCR.
Bridge Upgrade Example
A project targeted at upgrading a bridge to HML standard would improve freight productivity by enabling larger and heavier trucks to operate on the
network. This type of project would result in fewer truck movements to transport the same freight task. An economic analysis would capture these benefits
by comparing the economic transport costs under the base case (involving a higher number of freight movements) to the upgrade option (fewer number of
freight movements). The economic model will calculate the vehicle operating savings, environmental costs and X for both scenarios and produce a BCR by
comparing both scenarios.
Critical data for this type of project includes, but is not limited to:
- vehicle type changes between the two scenarios;
- estimating the total reduction in freight trips required to deliver the freight-task;
- estimating the number of diverted trucks and any potential reduction in trip distances e.g. upgrading a bridge may divert existing traffic toward using the
bridge (that don't currently use the bridge); and
- estimating any additional (induced) trips that is triggered as a result of the project (that would not occur if the project did not happen).
Bypass Route Example
A project involving a bypass may improve connectivity / accessibility for freight movements. This type of project would result in a decrease in the number of
kilometres travelled. An economic analysis would capture these benefits by comparing the economic transport costs of the base case (involving higher
tonne-km's) to the upgrade option (involving fewer tonne-km's). The economic model will calculate vehicle operating savings, environment cost savings,
safety benefits and environment benefits by quantifying and comparing the data provided in the data template worksheet for the current situation and
upgrade option scenario.
Critical data for this type of project includes but is not limited to:
- estimating the change in trip distance and travel time for freight movements impacted by the problem / project. Note, the distances will need to be
calculated for both the current and project scenario and compared to calculate the change / difference.
Pavement Resealing Example
A project involving pavement re-sealing may provide maintenance, safety and freight productivity benefits. This type of project may increase freight
productivity by reducing the number of trucks required to deliver the freight-task (if the project increases the roads load bearing capacity). It may also
reduce the number of accidents through improved pavement quality as well as reduce the relative maintenance costs of the road (if the road was
becoming increasingly costly to maintain under the current situation). The economic model will calculate vehicle operating savings, environmental cost
savings, safety benefits, maintenance savings and freight productivity savings by comparing the data provided for the current and upgrade option
scenarios in the data template worksheet.
Critical data for this type of project includes but is not limited to:
- estimating the maintenance profile for the current and project upgrade option scenario - this will need to consider the change in maintenance costs for the
existing route and any additional maintenance under the project scenario;
- estimating the reduction in the number of accidents (if any);
- estimated change in vehicle composition due to increased pavement weight bearing capacity (if any).
*Note - If unit rates are not known/available, applicant may insert lump sum, by choosing lump sum in Unit column and input quantity as 1.
In this case unit rate, would be a total item value.
Capital Cost Input Sheet

Data can be input for all blue fields
Item no. Description Unit Quantity Unit Rate ($) Amount ($)
1.00 Preliminaries
1.01 Design & investigation [insert lump sum if unit rates are not known/available]
1.02 Site establishment [insert lump sum if unit rates are not known/available]
1.03 Site facilities [insert lump sum if unit rates are not known/available]
1.04 [insert additional cost item if required] [insert lump sum if unit rates are not known/available]
2.00 Earthworks
2.01 Earthworks shaping [insert lump sum if unit rates are not known/available]
3.00 Drainage
3.01 Installation [insert lump sum if unit rates are not known/available]
3.02 Materials [insert lump sum if unit rates are not known/available]
3.03 [insert cost item] [insert lump sum if unit rates are not known/available]
4.00 Pavement & Stablisation

4.02 Pavement works [insert lump sum if unit rates are not known/available]
4.03 Stabilisation works [insert lump sum if unit rates are not known/available]
5.00 Surfacing
5.02 Surfacing works [insert lump sum if unit rates are not known/available]
6.00 Structures - Bridges, tunnels

6.01 Bridges [insert lump sum if unit rates are not known/available]
6.02 Tunnels [insert lump sum if unit rates are not known/available]
6.03 Retaining walls [insert lump sum if unit rates are not known/available]
6.04 Fencing [insert lump sum if unit rates are not known/available]
7.00 Road Furniture

7.01 Equipment [insert lump sum if unit rates are not known/available]
8.00 Signage & Information Systems

8.01 Equipment [insert lump sum if unit rates are not known/available]
8.03 Traffic management [insert lump sum if unit rates are not known/available]
9.00 Environmental management

9.01 Environmental works [insert lump sum if unit rates are not known/available]
9.02 Environmental offsets [insert lump sum if unit rates are not known/available]
10.00 Compliance & Testing

10.01 Geotechnical testing [insert lump sum if unit rates are not known/available]
11.00 Other costs

11.01 Property purchases [insert lump sum if unit rates are not known/available]
11.02 Business compensation [insert lump sum if unit rates are not known/available]
12.00 Project Management

12.01 Project management costs [insert lump sum if unit rates are not known/available]
12.02 Overheads [insert lump sum if unit rates are not known/available]
12.03 Insurances [insert lump sum if unit rates are not known/available]
13.00 Contingency
Total excluding contingency & project management -
including contingency & project management -
FIXING COUNTRY ROADS: Funding Round 3
Benefit Cost Analysis Model
Data is required for all blue fields and is compulsory to generate a valid benefit cost analysis.
Please enter data in green fields if they apply to your project
1 Project Name
1.1 Council Proponent [ Insert Local Government Area here ]
1.2 Project Name [ Insert project name here ]
1.3 FCR Application ID 0
2 Key Project Details

2.1 Total Project Cost 0 in $
2.2 Asset life in years
Cost - (17/18 dollars) 2017-18 2018-19 2019-20 2020-21 2021-22 TOTAL

2.3 Total Project Cost 0 This should e
Current Scenario - Data Inputs

3 Cost Assumptions
Current Scenario - Maintenance Profile (before project)
3.1 Maintenance on existing route/s Cost (17/18 dollars)
Routine Maintenance Cost Annual

Major Periodic Maintenance Cost Annual
Other Recurrent Costs Annual
If costs vary year to year, please enter them manually in the cashflow worksheet
4 Demand Inputs
4.1 Summary of traffic and commodity movements
Data inputted in this section will be multiplied by standardised economic parameters to quantify the economic cost of the current scenario. All fields marked as blue are mandatory, for rows with an identified commodity. Project proponents are
to provide supporting analysis / reports to justify the validity of the data in the "Reference" Worksheet. Missing data in this section will produce an invalid BCR.
Current Scenario - Traffic Data (before project)
Average Trip Distance Average Trip Time Total Freight tonne's

4.1.1 Commodity Type Total Trips (annual)
(Km) (Minutes) transported (annual)
Passenger Vehicles
Commodity 1
Commodity 2
Commodity 3
Commodity 4
Commodity 5
Commodity 6
Total 0 0
* If applicable
What is the average % forecast growth of

4.1.2 per annum
freight traffic on this route
4.2 Freight Vehicle Profile Breakdown

Data provided in this section will require supporting analysis, calculations and/or notes to justify the validity of the data. Please provide this in the "Referencing & Assumptions Table". Data in this section is to be inputed as percentages and the
totals for each commodity should equal 100%. Standardised vehicle operating costs have been developed for the vehicles identified below. As such, if the exact vehicle is not available, please select the vehicle that best matches.
Current Scenario - Freight Vehicle Composition (before project)
4.2.1 Vehicle profile breakdown (%) Commodity 1 Commodity 2 Commodity 3 Commodity 4 Commodity 5 Commodity 6
Light Commercial %
Rigid Trucks (2-axle, 6 tyre) %
Rigid Trucks (3-axle) %
4-axle Rigid (or semi) %
Semi Trailer (5-axle) %
Semi-Trailer (6-axle) %
Truck & Dog (7-axle) %
B-Doubles %
B-Triples/Road Trains %
Total 0% 0% 0% 0% 0% 0%
5 Safety
Please provide any specific relevant safety data in this section below.
Include in calculation (Yes/No) No
Current Scenario - Safety (before project)

5.1 Number of fatalities annual average Data estimated or recorded
5.2 Number of injuries annual average Data estimated or recorded
5.3 Property & vehicle damage (no. of incidence) annual average Data estimated or recorded
5.4 Period of safety data recording years
5.5 Other (please provide description in annual average
Referencing & Assumptions Tab)
This should equal Cell D14.
Project Scenario - Data Inputs
Project Scenario
- Maintenance - existing road network maintenance after project
Adjusted maintenance profile on existing

Cost (17/18 dollars)
route/s under "Current Scenario"

- Maintenance - new roads included in FCR funding project

Maintenance on new asset / route/s Cost (17/18 dollars)
Data in this section will be multiplied by standardised economic parameters to quantify the economic cost of the project scenario. All fields marked as blue are mandatory, for rows with an identified commodity. Project proponents
are to provide supporting analysis / reports to justify the validity of the data - please refer to the "Sourcing" Worksheet. Missing data will produce an invalid BCR. Cells marked as green are only relevant to some projects. Please
refer to the definitions page for further information.
Project Scenario - Traffic Data (after project)

Refer to Definitions in User Guide Worksheet.
Average Trip Distance Average Trip Time Total Freight tonne's Additional tonne's Additional Trips
Commodity Type Total Trips (annual)
(Km) (Minutes) transported (annual) transported (annual) (annual)
Passenger Vehicles
Commodity 1 0
Commodity 2 0
Commodity 3 0
Commodity 4 0
Commodity 5 0
Commodity 6 0
Total 0 0 0 0
Projects that improve access for HPV's may trigger a change the types of vehicles used. Please input the "new" vehicle profile as percentages below and provide supporting analysis / reports in the "Sourcing" worksheet to justify
the data inputted.
Project Scenario - Vehicle Composition (after project)
Vehicle profile breakdown (%) Commodity 1 Commodity 2 Commodity 3 Commodity 4 Commodity 5 Commodity 6
Light Commercial %
Rigid Trucks (2-axle, 6 tyre) %
Rigid Trucks (3-axle) %
4-axle Rigid (or semi) %
Semi Trailer (5-axle) %
Semi-Trailer (6-axle) %
Truck & Dog (7-axle) %
B-Doubles %
B-Triples/Road Trains %
Total 0% 0% 0% 0% 0% 0%
Please provide changes in specific safety outcomes under project case
Project Scenario - Safety (after project)
Estimated number of fatalities annual average

Estimated number of injuries annual average
Estimated property & vehicle damage (no.) annual average
Other (please provide description in annual average
Referencing and Assumptions TAB)
APPENDIX ___
Economic Cash Flow Profile Cashflow
Current & Project Scenario

Name of Project : Insert data into Cover Page
Base Case (Current Scenario) Initial Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30
I. COSTS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36 2036-37 2037-38 2038-39 2039-40 2040-41 2041-42 2042-43 2043-44 2044-45 2045-46 2046-47 2047-48 Totals
I Recurrent Costs
B Routine Maintenance Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
C Major Periodic Maintenance Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
D Other Recurrent Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TTL Total Recurrent Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TLL TOTAL COSTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
II. Economic Costs
F Value of Travel Time 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
G Vehicle Operating Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
H Air pollution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I Greenhouse Gas Emission 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
J Noise 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ###
K Water Pollution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
L Nature & Landscape 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
M Upstream & Downstream Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
N Fatality Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
O Injury Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
P Property Damage Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
S0 Project Specific Safety Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
s1 Fatality Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
s2 Injury Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
s3 Property Damage Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TTL Total Economic and Safety Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Project Scenario
Initial Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30
I. COSTS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36 2036-37 2037-38 2038-39 2039-40 2040-41 2041-42 2042-43 2043-44 2044-45 2045-46 2046-47 2047-48 Totals
I Capital Costs
A Capital Cost 0 0 0 0 0
TTL Total Capital Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I Recurrent Costs
E Residual Cost 0 0
TTL TOTAL COSTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
II. Economic Costs
F Value of Travel Time 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
G Vehicle Operating Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
H Air pollution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I Greenhouse Gas Emission 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
J Noise 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ###
K Water Pollution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
L Nature & Landscape 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
M Upstream & Downstream Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
N Fatality Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
O Injury Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
S0 Project Specific Safety Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
s1 Fatality Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
s2 Injury Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
s3 Property Damage Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TTL Total Economic and Safety Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
*Note that economic benefits are not realised until total capex has been expended
Incremental to Base Case (Difference)

Initial Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30
I. COSTS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34 2034-35 2035-36 2036-37 2037-38 2038-39 2039-40 2040-41 2041-42 2042-43 2043-44 2044-45 2045-46 2046-47 2047-48 Totals
I Capital Costs
A Capital Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TTL Total Capital Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I Recurrent Costs
E Residual Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TTL TOTAL COSTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
II. Economic Benefits
F Value of Travel Time Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
G Vehicle Operating Cost Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
H Air pollution Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I Greenhouse Gas Emission Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
J Noise Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
K Water Pollution Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
L Nature & Landscape Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
M Upstream & Downstream Costs Savings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
N Fatality Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
O Injury Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Benefit Cost Analysis
Output Summary
Benefit Cost Analysis Output Summary Table

3% 7% 10%
BCR - - -
NPV 0 0 0
NPVI - - -
IRR - - -
FYRR - - -
Note: - the BCR results are subject to review by TfNSW and may change.
- the green column contains the relevant results;
Standardised safety approach

Benefit Cost Analysis Output Summary Table
3% 7% 10%
BCR - - -
NPV 0 0 0
NPVI - - -
IRR - - -
FYRR - - -
DEFINITIONS
Net present value (NPV)- the difference between the present value of benefits and the present value of costs; i.e. PVB - PVC. A positive net present value indicates that the project has economic merit.
Benefit-Cost Ratio (BCR)
The BCR is the present value of benefits (economics & financial) divided by the present value of costs. A BCR value greater than 1 indicates that benefits exceeds costs
Net Present Value (NPV) & Net Present Value Invested (NPVI)
NPV is the present value of the project's benefits minus the present value of the projects costs. A value greater than zero indicates that project benefits exceed project costs. The NPVI measures the overall economic return of a
project in relation to its requirements for initial capital expenditure which is the constrained input.
First Year Rate of Return (FYRR)
The FYRR is a measure of the benefits achieved in the first full year of a scheme's operation divided by the capital costs incurred to achieve this. It is expressed as a percentage
Internal Rate of Return (IRR)
The IRR is the discount rate at which the present value of benefits equals the present value of costs. The proposed project is economically viable if the IRR is more than the NSW Treasury discount rate of 7%.
We encourage councils to use this economic model when applying for funding under other programs. Model can be used to calculate Benefit Cost Ratios (BCRs), which are required under many funding programs. Please also see the FAQ
document, if you require further assistance please contact us via freight@transport.nsw.gov.au
Referencing Table & Assumptions / Notes

Overview: All data inputed in the benefit cost analysis model will require supporting documentation / analysis to justify the data provided. Pleas euse the table below to identify the relevant reports and documents to support the
data provided. In the absence of supporting documentation, please state all assumptions, notes and calculations in the "Working Area" Section Below.
Input Data Worksheet Reference Document Name Relevance / Overview
[ Identify the name, date and author of the report E.g. Data Traffic Count,
Section 3.1 - Maintenance [ Provide an overview of report and its relevance to the economic model ]
March 2013, SKM ]
Section 4.1.1 - Traffic Data
Section 4.1.2 - Growth Rates
Section 4.2.1 - Vehicle Composition
Section 5.3 - Safety Data
Other
Working Area: Assumptions, Notes & Calculations

In the absence of supporting documentation please use the section below to state all assumptions, notes, calculations and methodologies used to
support the data inputted into the model e.g. calculations for vehicle composition changes, reduction in travel time, methodologies used (e.g.
methodoloy used to estimate reduction in fatalities), rationale for change in maintenance costs, reduction in travel distance etc.
Please provide headings for each category

E.g. methodology and calculation for vehicle composition changes
E.g. estimates of reduciton in fatalities etc.
Economic Parameters
1 Value of Travel Time
Table 1 Value Of Travel Time, Urban & Rural Roads - p220
Non Urban
Vehicle Type Occupancy rate (Persons/vehicle) Value per occupant ($/person-hour) Freight ($/Vehicle-hour)
Cars- Private 1.7 15.71 0.00
Cars- Business 1.3 50.28 0.00
Light commercial (2 axle 4 tyre) 1.3 27.82 0.84
Medium (2 axle 6 tyre) 1.2 28.18 2.27
Heavy (3 axle) 1 28.72 7.79
Articulated trucks - 4 axle 1 29.07 16.79
B-Double 1 29.43 33.39
Triple road train 1 29.89 65.78
If No Time is indicated - use distance/speed or distance/90km/h
2 Vehicle Operating Cost
Table 16 Vehicle operating cost by vehicle type: resource cost - p230
Vehicle Type VOC Including Fuel Cost (Cents/Km)

Car 29.83
2x-4ty 48.08
2x-6ty 94.13
3 Axle 108.12
4 Axle 116.50
5 Axle 123.71
6 Axle 133.59
7 Axle 133.59
B-Double 173.04
Road Trains 198.00 Road Train = B-Triple - Freight Metrics
3 Accident Costs
Table 45 Fatality and injury costs, Willingness to Pay Approach, $2012-13 p 257
Risk Category Cost per crash ($) (Rural)

Fatality Cost per crash 8,461,965
Injury Cost per crash 233,623
Property damage only 10,055
4 Environmental Impacts
Table 53 Externality unit costs for freight vehicles ($ per 1000 tonne-kilometre travelled) - p261
Rural Rural
Externality Type Light Vehicle ($/1000 tonne-km) Heavy Vehicle ($/1000 tonne-km)
Air pollution 0.00 0.27
Greenhouse Gas Emission 62.65 5.96
Noise 0.00 0.45
Water Pollution 0.30 1.61
Nature & Landscape 0.23 4.48
Upstream & Downstream Costs 208.81 23.87
Vehicle Type Light or Heavy Vehicle

2x-4ty Light Vehicle
2x-6ty Light Vehicle
3 Axle Heavy Vehicle
B-Double Heavy Vehicle
Road Trains Heavy Vehicle

Fixing Country Roads: Funding Round 3: Project Cover Page

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We encourage councils to use this economic model when applying for funding under other programs.

Model can be used to calculate Benefit Cost Ratios

Fixing Country Roads: Funding Round 3

Project Name: [ Insert project name here ]

Local Government Area: [ Insert Local Government Area here ]

FCR Reference Number (Application ID)

Benefit Cost Analysis Model

What is a Benefit-Cost Analysis ?

How does the model work ?

Before you start - General Notes

Capex Input Template - User Guide

Data Input Template - User Guide

1 General Project Information

2 Key Project Details

FY17/18 Real dollars

Average Trip Time

Total tonnes transported

Net Present Value

Bridge Upgrade Example

Bypass Route Example

Pavement Resealing Example

Capital Cost Input Sheet

4.00 Pavement & Stablisation

6.00 Structures - Bridges, tunnels

7.00 Road Furniture

8.00 Signage & Information Systems

9.00 Environmental management

10.00 Compliance & Testing

11.00 Other costs

12.00 Project Management

2 Key Project Details

Cost - (17/18 dollars) 2017-18 2018-19 2019-20 2020-21 2021-22 TOTAL

Current Scenario - Data Inputs

Current Scenario - Maintenance Profile (before project)

3.1 Maintenance on existing route/s Cost (17/18 dollars)

Routine Maintenance Cost Annual

Current Scenario - Traffic Data (before project)

Average Trip Distance Average Trip Time Total Freight tonne's

What is the average % forecast growth of

4.2 Freight Vehicle Profile Breakdown

Current Scenario - Freight Vehicle Composition (before project)

Include in calculation (Yes/No) No

Current Scenario - Safety (before project)

Project Scenario - Data Inputs

Adjusted maintenance profile on existing

Routine Maintenance Cost Annual

- Maintenance - new roads included in FCR funding project

Project Scenario - Traffic Data (after project)

Project Scenario - Vehicle Composition (after project)

Please provide changes in specific safety outcomes under project case

Project Scenario - Safety (after project)

Estimated number of fatalities annual average

Economic Cash Flow Profile Cashflow

Current & Project Scenario

Incremental to Base Case (Difference)

Benefit Cost Analysis Output Summary Table

Standardised safety approach

Referencing Table & Assumptions / Notes

Input Data Worksheet Reference Document Name Relevance / Overview

Section 4.1.1 - Traffic Data

Section 4.1.2 - Growth Rates

Section 4.2.1 - Vehicle Composition

Section 5.3 - Safety Data