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Untitled - HKU Libraries - The University of Hong Kong

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4.4.2 Cost components were analysed in three classes; material, labour, and fuel. Materialand fuel costs were assumed to remain constant in 1986 prices. Thus increases invehicle costs were assumed to be caused solely by real increases in the labour costcomponent <strong>of</strong> drivers and maintenance.4.4.3 Operating costs depend on vehicle speed; in very high congestion and low speeds,operating costs per kilometre may be four times greater than costs <strong>of</strong> a typical urbanspeed <strong>of</strong> say 25km/h. <strong>The</strong>refore costs were calculated at 14 speeds ranging from5km/h to 70km/h. Financial operating costs for 1 986 are shown in Figure 4.6.FIGURE 4.6:1986 VEHICLE OPERATING COSTSDollars Per KilometrePrivate CarTaxiGoods VehicleSpecial Purpose Bus5 10 15 20 26 30 35 40 45 50 56 80 65 704.4.4 <strong>The</strong> costs by type, vehicle class and year are shown in Table 4.10 for the averagebase year speed <strong>of</strong> 25km/h. <strong>The</strong> economic costs exclude tax elements which areTable 4.10 VEHICLE OPERATING COSTS AT 25 KM/H BY YEAREconomic1986199119962001Financial1986199119962001Perceived1986199119962001Operating Costs (7986 dollars per km)Car Taxi GV SPB1.952.012.072.143.273.273.333.400.650.650.650.651.722.142.533.001.942.372.763.232.142.613.033.554.735.856.888.125.236.567.388.635.236.367.388.632.503.083.433.433.213.674.094.593.544.044.505.0563

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