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Are U-turns saving us money?

August 28, 2008

According to a recent study (reported here by the Philippine Daily Inquirer) by the Metropolitan Manila Development Authority (MMDA), u-turn slots are helping us save quite a hefty sum. The study reports that the U-turns slots instilled by the MMDA generates Php 40 million to Php 50 million in savings for motorists each year since 2005. These savings are brought about by the increase in the average vehicular speed on major roads where 23 U-turn slots have been placed by the MMDA. According to the report, Php 2 billion are saved each year by motorists in terms of gains in productivity and opportunity alone. As for fuel savings, motorists are saving Php 42.84 million on nonwidened roads and Php 51.45 millon on widened roads.

I think most of you would be scratching your heads right now. Really? We’re saving that much? It doesn’t actually feel that way. U-turns have been, for the most part, hasseling most of us — often adding burden to an already congested road. I’m not even mentioning the hazard the concrete blockades brings at night. I do think that U-turns are saving us money in some way. However, let’s look at it from another perspective - costs.

Read the full article here

http://musingsofayoungeconomist.co.cc

Written by Juvenile · Filed Under Current Events, General, News, Politics & Gov't, Transportation 

Comments


One Response to “Are U-turns saving us money?”

  1. Ron on August 28th, 2008 1:55 pm

    Yup, less gas. But if they only planned the U-Turns more carefully, than it wouldn’t have to be bother anyone.

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