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1.31
1.32
The Steering Group were not able to form a united view as to whether the discount rates used by the Study Team, or any other values, were the most appropriate values for the analysis. Uncertainty about these rates must therefore be noted and the matter is further discussed in Chapter 3.
In addition to the financial analysis and economic evaluation
criteria the effectiveness of the alternatives were also
measured in terms of the following criteria:
(i) does the option provide sufficient capacity (at
reasonable levels of comfort) and does it reduce
overcrowding? ̧·
(ii) does the option improve journey speeds and/or
provide a reliable level of service?; and (iii) does the option overcome any of the problems
associated with changes of mode?
The projected number of public transport trips in 1991 on Hong Kong Island and Cross Harbour used in all the options tested in ICS is 2,991,000 per day. This is 1.8 percent higher than the CTS 1991 System 3 trip demand forecast (and even higher than that forecast for System 2). This represents a growth of 79.6 percent over 1973. The corresponding figures for the peak hour are 214,500 trips which is 4.4. percent smaller than CTS and a growth of 56.2 percent over
1973.
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The projected passenger boardings for a 24 hour period in 1991 for each public transport mode is shown in Table 2 for each option evaluated. The results of the financial and economic evaluation have been reported in detail in
Interim Report 8. Table 3 shows the impact-incidence matrix which conveniently summarises the results of the
evaluation.
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