TRACECA PROJECT EVALUATION
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Transcript of TRACECA PROJECT EVALUATION
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TRACECA PROJECT EVALUATION
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Construction of the bypass of 3 villages along the M3 National Road Chisinau- Giurgiulesti
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Project objectivesThe project main objectives to create a prerequisite for regional economic
development trough agricultural markets extension, enhancing access to social services;
to reduce transportation costs and travel time for international and national operators, and passengers;
to allow employment of population; to direct heavy traffic out of the residential areas;to enhance environmental quality; andto enhance traffic safety on the corridor.
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Project location
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Regional Criteria Network description
One of the main roads giving direct access to EU and Ukraine.
Provides the most important and shortest link between Chisinau and Giurgiulesti International Free Port – giving access to the Danube and the Black Sea.
The M3 corridor is an integral part of theTRACECA Network and European Road E584 Poltava – Kirovograd – Chisinau –Giurgiulesti – Galati – Slobozia.
It provides a link between TEN corridors IV and IX.
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Regional Criteria
Part ofTRACECAE584 AGR
Access to TENCorridors VII
and IX
Interconnects Moldova, Romania and Ucraine
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Regional Criteria
Giurgiulesti International Free Port
• Moldova's only port accessible to sea-going vessels,
• situated on the River Danube in the South of Moldova.
• benefits from its location on international trade and transportation routes - Rhine-Main-Danube waterway corridor which connects the Black Sea, 14 European countries and the North Sea;
• European standard and Russian railway systems as well as the international road network.
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Regional Criteria Alternatives
Alternatives comparison
Existing alignment
Proposed alignment
Necessary works
maintenance New construction
Length, km 28 20.5
Cost, m Euro 12 15.6
EIRR, %Discount rate–12%
4.1 12.2
Existing alignment
Proposed alignment
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Technical Criteria• The project represents new construction of a 20.5
km long road section along the M3 Corridor. • As a section of the M3 corridor, the proposed
project ensures connection with the International Free Port Giurgiulesti and rail terminals.
• Beginning spring 2011 the Port will beneficiate from the dry cargo terminal, including a dedicated container terminal. This will allow intermodal freight transport.
• The geometrical parameters and location conditions of the project will allow essential improvement of the traffic safety and security.
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Technical Criteria
Cost savings Cost reduced by 35%
Time savings Travel time reduced by 42%
Travel cost savingsTravel time savings
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Economic Criteria• Feasibility study in place. • Detailed design and bidding documents ready at
the end of June 2011. • Estimated project repayment time 9.5 years• Forecast years 20 years• Investment costs 15.6 m euro • Economic Internal Rate of Return 12.2% • At this stage no private investors interest in the
project showed. After traffic flow will exceed 10000 aadt, concession or PPP will be possible.
• The national legal framework allows concession and PPP
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Environmental Criteria
• PollutionThe environmental impact will be insignificant because
the proposed alignment will not cross any settlements, the vehicles engine work will be optimum and the pollutant emissions will decrease.
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Environmental Criteria
• NoiseSensitive receptors are the residential areas within
villages and towns. Because the project avoids traversing any settlement area impact of this project is considered as low.
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Environmental Criteria
• Energy consumption
After the project implementation the energy consumption will considerably decrease due the smoother engine function.
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Environmental Criteria
• Diversion from sensible areas (living areas, preserving natural resources, others)
The project will not cross resident areas.Impact on soils, fauna, flora and vegetation, is
considered high.Impact on ground and surface water is considered
medium.
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Political Criteria• When to start?
The anticipated begin of construction works in 2013/14.
• Government Support
The project is policy supported through the Land Transport Infrastructure Strategy for 2008-2017.
• Dependance on other step/project
Implementation of the proposed project doesn‘t depend on other projects.