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Sustainable Asset Valuation (SAVi) of a Public Bicycle Sharing System in Dwarka, New Delhi, India: A focus on the environmental, social and economic impacts of non-motorized transport infrastructure
The report evaluates a planned public bicycle sharing (PBS) system in Dwarka, New Delhi, using the Sustainable Asset Valuation (SAVi) methodology. While a conventional cost-benefit analysis shows the system is financially deficient, the integrated SAVi analysis reveals positive net values across all demand scenarios. The most significant benefits are derived from time saved, reduced air pollution costs, and increased retail and property values. Over a 20-year period, discounted net benefits are estimated between INR 3.14 billion (~USD 44.4 million) under conservative assumptions and INR 12.19 billion (~USD 172.3 million) in a high-demand scenario. The findings suggest the PBS system supports the Delhi Master Plan 2021 and justifies investment in bicycle and road safety infrastructure.
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Document type: Report
Sustainable Asset Valuation (SAVi) of a Public Bicycle Sharing System in Dwarka, New Delhi, India
The report assesses a proposed Public Bicycle Sharing (PBS) system in Dwarka, New Delhi, using the SAVi methodology to value nine externalities. While a conventional cost-benefit analysis shows the project is financially deficient due to high capital and operational costs relative to user fees, the integrated SAVi analysis reveals significant societal net benefits across three demand scenarios. These benefits include improved public health, reduced air and noise pollution, lower CO2 emissions, and increased retail and property values. The findings suggest that the PBS system is a worthwhile investment from a societal perspective and provides benchmark values for the municipality to invest in supporting bicycle and safety infrastructure.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Report
Applying a Sustainable Asset Valuation (SAVi) to a Public Bicycle Sharing System in Dwarka, New Delhi, India
The SAVi assessment of a proposed Public Bicycle Sharing (PBS) system in Dwarka, New Delhi, demonstrates that while the project may show negative conventional financial results, the integration of social and environmental externalities creates a strong positive business case. Across three demand scenarios, the system is projected to generate significant net benefits, with discounted net benefits over 20 years ranging from INR 3.14 billion to INR 4.82 billion. The largest benefits are derived from time saved, increased retail revenues, and higher property values, which outweigh the primary negative externality of increased cyclist exposure to air pollution.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Fact sheet