Category Archives: News

Zero Harm is safer than Safe Journeys

Zero Harm’s objective is that

“By 2020 or sooner all our people*, regardless of employer, will go home safe and healthy, every day, no exceptions”

“Our Safer Journeys ads sometimes employ a shock tactic; for Zero Harm we suggest a slightly different take, adding in an emotional campaign with faces of collegues who care, wives, husbands, partners and children who want you to come home to them safely.” NZTA Highways Information Portal Zero Harm Strategic Plan 2014-2020

Safe Journeys argues for “A safe road system increasingly free of death and serious injury” Statement from March 2010 – Safer Journeys Strategy to 2020.

“If we continue with our current approach, and rely on our existing set of road safety initiatives, it is estimated that in 2020 around 400 people will still lose their lives” (p. 9)

[Sadly only] “alert, skilled, unimpaired drivers should expect to reach their destination without mishap every time” (p.11)

And of serious concern is the fact in the seventh year of Safe Journeys, we still have a road system that is increasingly killing responsible people who sometimes make mistakes in their use of the roads.

Lastly, and most disappointingly, the Ministry of Transport’s official summary of submissions to Safe Journeys referred to Vision Zero as “radical” in response to submitters that urged a ‘Vision Zero Strategy’ (p.12).

As the graph above shows countries setting Ambitious Targets are forgiving more people that make mistakes.

Graph from Quarterly road toll report:  http://www.transport.govt.nz/research/roadtoll/

Category: News, Politics, Safety

Parking Building Economics

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If the value of a car parking space is greater than the cost of supplying the car parking space then private investors will provide parking. Should politicians use ratepayer or/and taxpayer money to subsidize and/or oversupply car parking, the value of a car parking space will fall, but the cost will not.

This post is based on parking building economics as explained in 1973 as an appendix to the Traffic management plan for Hamilton.

To try make this relevant in today’s money the Value in [$—] is in today’s money as per the Reserve Bank Inflation calculator, using the following settings.

Category – General (CPI)

Date of cost above – 1973 Q1

Date for comparison – 2017 Q1

Traffic Management Plan for Hamilton Report No.3 – Central Business Area (CBA) Off-Street Parking – REF 0711 730 993 115 1 HAM – April 1973

Appendix II – page 16

Parking Building Economics

The following is an approximate estimate of the economics relating to the construction of a 500 car parking building within close proximity to the city centre as suggested in the Transportation Study Planning Report.

  1. Cost

(a) Capital Cost

A parking building will cost about $2,500 [$31,030] per car space (excluding land). A 500 space building would therefore cost $1,250,000. [$15,515,845]

(b) Operating Costs

It is envisaged that operating costs and costs for such items as maintenance, lighting and insurance would be in the order of $75,000 [$930,950] per annum.

(c) Annual Costs

Annual cost of a building would be:-

Loan Charge and servicing (10% p.a) $125,000 [$1,551,584]

Operating Costs                                        $75,000 [$930,950]

Total $200,000 [$2,482,535]

  1. Revenue

The revenue required for a building to be self-supporting with an annual cost of $200,000 [$2,482,535] would be approximately $1.60 [$19.86] per space per day.

To collect $1.60 [$19.86] per space per day, based on a 10-hour day and a maximum operational occupancy of 80%, it would be necessary for the parking charge to be 20c [$2.48] /hour

Note that the existing Central Car Park has an occupancy of 65% and revenue of 45c [$5.59] /space/day (1972/73 receipts)

Now in the real world of this century some of the above costs are not like-for-like:

(1)   The VALUE or COST per car space this decade is more like a third less at about $12 or $20k, giving a 500 space building a cost of $6 or $10 million. – source

(2)   The Annual Cost of servicing a loan at (6% p.a.) = $360k or $600k plus Operating costs of $930k = Total of $1,290 or $1,530k divided by 500 spaces = $2,580 / $3,060 per space per year.

 

(3)   Revenue needed to service a loan of $2,580 or $3,060 per space per year is $10.32 or $12.24 per day. (Based on 250 days)

To collect $10.32 or $12.24 per space per day, based on a 10-hour day and a maximum operational occupancy of 80% it would be necessary for the parking charge to be $1.29 or $1.53 per hour

 

This is pretty close to the cost of parking at the Knox street Parking building.

EARLY BIRD PARKING

$7.00 flat rate
Entry between 4:00am and 10:00am
Exit before 7:00pm

CASUAL PARKING (BEFORE 6PM)

0-1 hour $3.00
1-2 hours $5.00
2-3 hours $7.00
3-4 hours $9.00
4-5 hours $12.00
Daily Max $12.00 (12 hour ticket)
Lost ticket $20.00

EVENING PARKING (AFTER 6PM)

$5.00 flat rate

SATURDAY AND SUNDAY

$5.00 flat rate