Table 27. Individual multi-criteria assessment criterion results Criteria Description and MCA result Summary justification assessment methodology Economic Cost effectiveness Bay West preferred Bay West has lower Estimate the total total operating costs economic cost of than Hastings for providing container transport and externality capacity at either costs, mainly due to the location. Considers not shorter transport trips only upfront capital and needed for most operating costs, but customers to use Bay also supply chain and West compared to transport costs, and Hastings. environmental and externality costs of transport. Tested with different discount rates 4,7 and – 10 per cent. Hastings is considered with and without rail, to understand if this significant capital cost affects the assessment. Gross State Product GSP is the measure of Bay West strongly Average supply chain (GSP) a overall preferred costs were smaller at state’s economic output. It is Bay West than Hastings the market value of all for all average supply final goods and services chains assessed. made within the state in a year. This is used as an indicator within the economic analysis and was calculated using Computable general Equilibrium modeling of each port option. Supply chain impact Supply chain costs are Bay West strongly Average supply chain the costs associated preferred costs were smaller at with the movement of Bay West than Hastings freight. This is for all average supply
Table 27. Individual multi-criteria assessment criterion results Criteria Description and assessment methodology MCA result Summary justification Economic Cost effectiveness Estimate the total economic cost of providing container capacity at either location. Considers not only upfront capital and operating costs, but also supply chain and transport costs, and environmental and externality costs of transport. Tested with different discount rates – 4,7 and 10 per cent. Hastings is considered with and without rail, to understand if this significant capital cost affects the assessment. Bay West preferred Bay West has lower total operating costs than Hastings for transport and externality costs, mainly due to the shorter transport trips needed for most customers to use Bay West compared to Hastings. Gross State Product (GSP) GSP is the measure of a state’s overall economic output. It is the market value of all final goods and services made within the state in a year. This is used as an indicator within the economic analysis and was calculated using Computable general Equilibrium modeling of each port option. Bay West strongly preferred Average supply chain costs were smaller at Bay West than Hastings for all average supply chains assessed. Supply chain impact Supply chain costs are the costs associated with the movement of freight. This is Bay West strongly preferred Average supply chain costs were smaller at Bay West than Hastings for all average supply
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