16643 Lecture Notes - Lecture 8: West Rail Line, Market Garden, The Hills Shire
Document Summary
Lecture 08: infrastructure & metro northwest case study. Infrastructure case study metro northwest (north west rail link) The problem a balancing act: maintaining/creating infrastructure involves balancing differing needs & wants, project scale = significant impacts on local/state/federal economies & people, property impacted because immobile nature. 1 economics: nsw treasury requirement for capital business case = the case for change includes a cost- benefit analysis (cba) Construction & operation: revenue (to state, environmental. Answer market value of land + improvements: land = location benefits & property rights, specifically market value of all costs/benefits capitalised (to perpetuity) It"s a balancing conflicting aims & interests: good policy may not mean good politics new infrastructure. Large group who benefit versus smaller groups who will not benefit. Possibly they are: better connected, more vocal, fearful of change, motivated by. 3 geography: physical geography: natural elements, rivers, mountains, geology, etc.
