Economic Assessment of Cabtrack in Central London.
ROYAL AIRCRAFT ESTABLISHMENT FARNBOROUGH (ENGLAND)
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An economic assessment has been made of four hypothetical Cabtrack systems in central London, including evaluation of social benefits. The most worthwhile system covers the City, West End, Victoria, Waterloo, Euston, Liverpool Street and Fenchurch Street, costs 47M to 67M pounds sterling to install and gives social returns of 9 to 12 with an average load of 1.5 passengerscab to 17 to 22 with 2.35 passengerscab. A larger system covering the whole Central Area would cost 82M to 134M pounds sterling, would carry about 35 more traffic and give social returns 2 to 4 lower than the small network. With a 75 capital grant the small network has sufficient surplus revenue to compensate LTE for losses due to the introduction of Cabtrack.
- Civil Engineering