Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />I <br />I . <br /> <br />o~ic values or water ~or irrigation, municipal and industrial <br />water supply, hydroelectric power generation, recreation, and <br />other identified uses will be developed. <br />Cost estimates for the optimized facilities will be devel- <br />oped. Cost estimates will be at a reconnaissance level and will <br />be based on existing accepted reconnaissance level cost estimat- <br />ing procedures and guidelines developed by Tudor, the Bureau of <br />Reclamation, and others. !n addition to construction costs, any <br />other economic costs associated with the project will be develop- <br />ed. All costs will be annualized using appropriate discount <br />rates and project life terms. Operation and maintenance costs <br />for each facility will also be estimated. <br />Economic evaluations will be conducted in order to deter- <br />mine the economic feasibility and optimal configuration of the <br />candidate project(s). A description of the local economy will <br />be developed in order to put potential or estimated development <br />impacts into an economic perspective prior to estimating direct <br />and indirect benefits. The potential direct and indirect bene- <br />. fits likely to result from the candidate project(sl will be eval- <br />uated. The direct benefits are expected to include irrigation; <br />flood control; municipal, industrial, and domestic water supply; <br />hydroelectric power and energy generation; and recreation. The <br />possible existence of any other direct benefits will be investi- <br />gated. The evaluation of these benefits will be bas~a on the <br />changes in income, in areas affected by the project, that are <br />directly due to the project development; and the avoided costs <br />of building other facilities to provide similar services. The <br />indirect benefits are expected to include the effects from con- <br />struction and increases in income for the residents of the area <br />during the project operation period. These indirect or secondary <br />benefits will be estimated by applying multipliers to the direct <br />benefits developed from available economic input studies and <br />models. Tudor has access to the appropriate impact models. Ad- <br />verse economic impacts, such as loss of land due to inundation, <br />will be evaluated as adverse effects. Benefits and costs will <br /> <br />II-8 <br />