Guidelines for Analysis of Investments in Bicycle Facilities (2006) / Chapter Skim
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Pages 47-50
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From page 47... ...
Applying the described tool -- Benefit-Cost Analysis of Bicycle Facilities -- provides the project proponent with the basic technical information needed to advance a proposed project through the development process. The project proponent will have an initial estimate of capital costs, including cost of design, real estate acquisition and construction, and operations and maintenance costs.
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From page 48... ...
The preliminary estimates of bicycle project costs and benefits developed through application of the guidelines can be valuable in conveying the relative merits of a project planning study for 3C PL and SPR funds. NON-FEDERAL FUNDING SOURCES The federal government is not the only source for bicycle funding.
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From page 49... ...
As project scope becomes better defined through the development process, more reliable project specific information on construction and real estate costs should become available. This more specific information should be used to update or replace the cost information in the guidelines as needed to make decisions on funding and programming the proposed project.
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From page 50... ...
Should analysis at this level be conducted for a proposed bicycle path, the work could be eligible for federal funding assistance through the UPWP. At this level of analysis, guideline information on construction costs would be updated based on schematic design and real estate costs would be updated based on estimates from local assessors or realtors.
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