COBA model

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  • Created by: nikoamiko
  • Created on: 07-04-15 11:24
COBA
road user focused model of decision making which allows the government to weight up the costs and benefits of road infrastructure projects in current values.
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who is affected?
tax payers will want to know that thei money is being spent well, road users , supply meet demand for capacity , balanced with environemental concerns and those whol live near the proposed infrastructure projects.
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A02
government has allocated £28bn on road infrastructure provision in 2013
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the four stages of COBA
Identification monetary costs and private c/b, estimation of shadow costs where the relative opportunity cost to the user is calculated
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4 stages
foecasts over the expected life of the infrastructure, this includes the calculation of NPV
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4 stages in brief
identification/estimation, forecast and benefit to cost ratio.
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what is NPV
net present value , the process of forect, which discounts the furure cash flows into the current value of money
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the problems with COBA in identify stage.
wider economic impacts of road infrastructure building is not included, 1st and 2nd parties are given to high a priority, whist external c/b are not taken into account in user focused model.
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which negative and positive externalities are not included
such as increases in air pollution, blight or accidents and neither + ity, such as improvenment in road integration or economic growth
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Card 2

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who is affected?

Back

tax payers will want to know that thei money is being spent well, road users , supply meet demand for capacity , balanced with environemental concerns and those whol live near the proposed infrastructure projects.

Card 3

Front

A02

Back

Preview of the front of card 3

Card 4

Front

the four stages of COBA

Back

Preview of the front of card 4

Card 5

Front

4 stages

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