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IZABELLA K. [email protected]
JORGE [email protected]
MILENA [email protected]
presents
Joint development feasibility of a greening transport alternative
Joint development feasibility of greening transport alternative
Accessibility vs. urban environmental quality
FORMULATION OF THE PROBLEM
Economics of agglomeration
Economics of location
Private investments
accessibilitydensification
Transport policyLand-use policy gap
Urban legislation
1 parking space for 30m2 of productive space
Low competitiveness of public transport & of local economy
Joint development feasibility of greening transport alternative
Integrated mobility management
SUSTAINABILITY STRATEGY
Mobility for citizens
Activities
Environmental & financial costs
Transport needs
Joint development feasibility of greening transport alternative
Mobile concept
JOINT DEVELOPMENT USING MOBILE CONCEPT
Macro-accessibility
High capacity transport infrastructure
Urban activity anchors
Integrated collective transport service
Joint development feasibility of greening transport alternative
JOINT DEVELOPMENT USING MOBILE CONCEPT
Main centre
Medium scale activity
Indirect impacts of the main centrality
Micro-accessibility
Macro-accessibility
Direct impacts of the main centrality
High scale activity
Joint development feasibility of greening transport alternative
An example of shopping center
AN EXAMPLE
Alternatives:
preserving
“Parking space”introducing partially
“Mobile concept” conversion of parking space
to productive space
Joint development feasibility of greening transport alternative
enhancing
productive space
current applying Mobile concept
AN EXAMPLE
Joint development feasibility of greening transport alternative
Comparison of “Parking space” vs “Mobile concept”
AN EXAMPLE
"PARKING SPACE"
"MOBILE CONCEPT"
Total Building Area 106,275 m² 106,275 m²
Productive Area 45,000 m² 58,847 m²
Number of Parking Spaces
1,500 981
Seats on Collective Transport Modes
- 11,591
Total Parking Space 50,025 m² 32,716 m²
Shopping Center Area 56,250 m² 73,559 m²
Joint development feasibility of greening transport alternative
Hierarchical analysis method :Based on field research with developers
METHODOLOGY
Economic & financial viability analysis:
MarketMain aspects:Productive efficiency
SocialLegal-bureaucratic
Main criteria:
Present liquid value
Cost/benefit ratio
Internal rate of return
Pay-back range
Rent ability
Employment
Joint development feasibility of greening transport alternative
Hierarchical analysis method - results
DECISION MAKING AREA
WEIGHTING (%)CHIEF DECISION MAKING
CRITERIA
Market 44.51
8.39 Company image
8.39 Customer satisfaction
6.57 Product differentiation
6.20 Product value enhancement
5.84 Value added for the customer
4.74 Technological innovation
4.38 Generation of new business
Productive Efficiency 21.90
7.30 Cost of operation and maintenance
6.57 Cost of implementation
4.38 Productivity
3.65 Easiness to sell or lease
Social 9.486.93 Quality of life
2.55 Jobs
Legal-Bureaucratic 4.38 4.38 Legal incentives (counterpart)
AN EXAMPLE - RESULTS
Joint development feasibility of greening transport alternative
Entrepreneurs’ preference
“Parking space” “Mobile concept”
47% 53%
AN EXAMPLE -RESULTS
Joint development feasibility of greening transport alternative
AN EXAMPLE - RESULTS
FINANCIAL VIABILITY CRITERIA "PARKING SPACE" "MOBILE CONCEPT"
Present liquid value (US$) 35,850.86 64,736.84
Cost/benefit ratio 2.09 2.18
Internal rate of return (%) 21 27
Pay-back (years) 8 6
Financial viability analysis:
Positive view of developers regarding the “Mobile concept” Positive economic & financial viabilityConverting 50% of the parking space to collective transport services andfilling this space with stores leads to an increase in accessibility cost, from 2.1% to 2.4% of the total monthly cost of the undertaking, but to a 29% increase in the monthly potential revenue. This alternative performs better under all the viability criteria: Present liquid value 81% higher; Cost/benefit ratio 28% higher, Internal rate of return 4% higher and pay-back range 25% lower ;The average revenue of the undertaking increases by 41 times, the rate of direct job creation should increase by about 78 times; If the municipal authorities induce the legislation to allow the conversion of parking space to collective services, this would augment the capacity for renewal of undertakings by 25%, given the greater revenue flow and the reduction of the investment pay-back period.
CONCLUSIONJoint development feasibility of greening transport alternative
IZABELLA K. [email protected]
JORGE [email protected]
MILENA [email protected]
thanks for your attention
