Results of Benefit-Cost Analysis The Intermodal River Port Facility shows a net benefit ratio of approximately 3:1 including initial project costs, annual maintenance costs and the benefits from the increases in productivity and exports from the businesses that will use the Intermodal River Port Facility. Benefits The Intermodal River Port Facility shows a net benefit ratio of 3:1 including initial project costs, annual maintenance costs and the benefits from the State of Good Repair, Economic Competitiveness (user savings), Safety, Sustainability, and Productivity increases from the businesses that will use the Intermodal River Port Facility. Table 4, below shows the value of the benefits. Table 6 - Value of Benefits The total project benefits are $98,886,236. Costs The costs for this project include the initial costs from this grant, from LEDC, and from the State of Ohio. On-going costs for operating costs and maintenance are explained in this section. The LEDC contacted two in Louisiana who are familiar with maintenance costs for similar bridge cranes. In the first 1-3 years aggregates are estimated to be the bulk of the freight moved with the crane and it would not be used to capacity. The contacts also said that these costs are usually written into the users’ contracts. At the fourth year we predicted that the crane’s use will have increased and therefore maintenance would roughly double. Table 7 - Project Cost Summary The total costs over the life of the project are $33,715,919 and the total net benefit is $65,170,318 Affected Populations Users Operating cost savings Access to global markets More reliable shipments with less congestion External parties
Results of Benefit-Cost Analysis The Intermodal River Port Facility shows a net benefit ratio of approximately 3:1 including initial project costs, annual maintenance costs and the benefits from the increases in productivity and exports from the businesses that will use the Intermodal River Port Facility. Benefits The Intermodal River Port Facility shows a net benefit ratio of 3:1 including initial project costs, annual maintenance costs and the benefits from the State of Good Repair, Economic Competitiveness (user savings), Safety, Sustainability, and Productivity increases from the businesses that will use the Intermodal River Port Facility. Table 4, below shows the value of the benefits. Table 6 - Value of Benefits The total project benefits are $98,886,236. Costs The costs for this project include the initial costs from this grant, from LEDC, and from the State of Ohio. On-going costs for operating costs and maintenance are explained in this section. The LEDC contacted two in Louisiana who are familiar with maintenance costs for similar bridge cranes. In the first 1-3 years aggregates are estimated to be the bulk of the freight moved with the crane and it would not be used to capacity. The contacts also said that these costs are usually written into the users’ contracts. At the fourth year we predicted that the crane’s use will have increased and therefore maintenance would roughly double. Table 7 - Project Cost Summary The total costs over the life of the project are $33,715,919 and the total net benefit is $65,170,318 Affected Populations Users Operating cost savings Access to global markets More reliable shipments with less congestion External parties
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