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This Cost-Benefit analysis (CBA) report is to evaluate "Rail Link from Bondi Junction to Bondi Beach"
proposal. Under estimation in every aspect, it is not evaluated in financial terms alone. It does explore the
evaluation procedures for items not traded directly on market. It includes procedures as follows:
· Overview of the transport system to Bondi (bus, train, ferry, private car)
· Deficiencies of existing transport system in Bondi
· Objectives of this project
· Alternative options
· Major assumptions under this project
· Logframe framework to summarize this project design
· Stakeholders\' viewpoints
· Project planning Balance sheet which shows incidence of costs and benefits
· Cash flow analysis with hypothetical data
· Identification and Quantification of cost and benefit
· Discounting using discount factor to calculate Net Present Value
· Decision Criteria indicates whether this project is worthwhile
· Sensitivity analysis using different variables to test the sensitivity of the variable in the project.
· Distributional Analysis identifies the stakeholders describe and value the costs and benefits they
It finally gives conclusion this rail link project should be accepted based on assumptions.
The proposal to construct a railway to link Bondi junction and Bondi Beach with the existing Sydney
railway system has been investigated for a few years. The Premier of New South Wales, Bob Carr, raised
speculation about a Bondi Beach rail project when he foreshadowed a call for expressions of interest. The
original call at 1996 for private sector backing for a $120 million extension of the Eastern Suburbs rail line
to Bondi Beach was done by the New South Wales (NSW) State Government.
Lend lease infrastructure had confirmed that it was part of one consortium interested in building the railway
extension to Bondi Beach. Macquarie Bank is part of the consortium. Another consortium has also
expressed interest in building the rail link. In 1993, the feasibility study prepared by the State Rail
Authority concluded that it is technically feasible to build an underground link under Bondi Road or Birrell
Street and could be constructed within a 2-year period.
The underground line, about 3km long, would go down Bondi Road or Birrell Street, terminating at an
underground train station at the southern end of Campbell Parade, next to the beach (See Appendix D). It
is believed the link would cost anything from $90 million for a single track to more than $120 million for
Mr. Langton, the Minister for Transport, said this rail link would be operated by CityRail and integrated
into the public transport system, with bus services maintained to Bondi Beach (Morris L. 1996, 1)
Another option considered is to allow the private sector recoup its costs by putting a premium on rail fares.
Although public transport is available for people to travel from Bondi Junction and Bondi Beach, it is
actually in an expense of traffic congestion, pollution. The rail link proposal provides a better way for
people, no matter local residence or traveler, to save time, save our environment and reduce accident
3. Overview of the transport system to Bondi
More than two and a half million people visit Bondi Beach each year according to Waverley council, which
manages Bondi area. Bondi is well served by public transport, which is quick and cheap, and parking can
be difficult at the beach. Buses run to the beach at 10-minute intervals or better all day from Bondi
Junction. Services are less frequent after 11pm at night but, as a last resort, a bus runs every hour all night.
The railway station at Bondi Junction is about 2 kilometres back from the beach. The train service
generally runs every 10 minutes, seven days a week. All buses from the beach go to the railway station.
Alternatively, ferry is another way to Bondi beach.
· All buses from the city start from Circular Quay and the ride to Bondi Beach takes around 43 minutes
(382) and 45 minutes (380).
· The bus may be numbered 380 or 382 or L82 with the destination showing North Bondi, Dover Heights or
Bondi Beach. Collectively this is called "the 380 bus" and all buses go to the beach.
· The stations in order are Central, Town Hall, Martin Place, Kings Cross, Edgecliff and Bondi Junction.
The train ride takes 10 minutes from Town Hall to Bondi Junction. Then change into a 380 bus for a 15-
minute ride to the beach.
· It takes
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Suburbs of Sydney, Bondi Junction, New South Wales, Bondi Beach, North Bondi, New South Wales, Bondi Road, Benefitcost ratio, State Transit Authority, Net present value, Waverley Municipal Council, Eastern Suburbs, Sydney, Eastern Suburbs railway line
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