Cost-Benefit Analysis of A Public Infrastructure Project Assignment

Cost-Benefit Analysis of A Public Infrastructure Project - Assignment ExampleThus, to come up with a public infrastructure, several factors ordain be con military positionred to look at both the advantage and causality in order to achieve the optimal service that is required. Public infrastructure is considered to be of good absorb to the ordination if its final outcome benefits surpass the cost of implementing the total fancy. If the cost of implementing the infrastructure is more than the benefit the society is supposed to enjoy after its completion, then, the project is of no much benefit to the society. To realize the cost benefit of a public infrastructure, a cost benefit analyses is carried out to investigate the benefit the society is expected to achieve once the said infrastructure is completed. If the result shows that the project has a positive benefit, then, the infrastructure should be implemented. If the result on the other side reveals that the benefits of the proj ect upon completion reflect negative benefit, then, the project should be dropped (Campbell and Brown, 15). 1.1Project description The public infrastructure that is illustrated under this paper is of power plant construction record which is located in Middle East and North African region. This region has a high potential of solar and wind energy because it receives a readiness of energy from sun in six hours than what a man consumes in one year and is home to top sites of wind potential. This project is expected to have electrical energy by use of massive set up of solar and wind farms networks and connect the power to Europe through a Europe- Mediterranean electrical energy network. A high voltage direct current (HDVC) transmission cables will be used in the transmission of the power. The power plant will call for spreading of concentrating solar power systems, wind parks and photovoltaic systems in desert of North Africa in places like Sahara desert. This means that the power plant will produce energy that is renewable instead of use of fossil fuel that is not renewable. This project will provide a substantial demand of electricity in Middle East and Northern Africa region and a 15% of electricity need in Europe. Thus, due(p) to the fact that this project is expected to benefit those three regions, it has being dubbed as EUMENA which means European Union, Middle East and Northern Africa. Investment under this public infrastructure is expected to cost up to 400 billion pounds by 2050. Under this project, Europe is expected to lead in fighting climate change and economies of the Northern African countries and Europe, grow due to green house gas emissions limitation. This project has the potential to satisfy 15 percent of the electricity demand in Europe and much needed electricity in Middle East and North Africa. 240,000 jobs in Germany are likely to be created if this project is implemented and generate electricity worth 2 gazillion by 2050. Energy was tage is expected to be reduced under this project because it will enable transfer of energy from areas with surplus to areas it is needed. The storage-battery grid will patron in taking advantage of the large amounts of energy that is likely to be sourced from large scale sources of renewable energy that are remote. The construction of the transmission grid will reduce difference between actual generating capacity and the minimum