Author of article: Agostino
Viglione (Young Member of SIG)
Authors of paper: S. Bricker,
L. von der Tann, E. Reynolds, C. Bocci, P. Salak
The benefits for the
community, as well as the social impact evaluation, are some of the
topic that should be taken in account when a big infrastructure
project is going to be developed. The social value is commonly
defined as the contribution that projects and investments make to
society and which results in a positive impact to people’s lives.
Sometimes, especially for the underground projects, it is
unappreciated with the results that the space beneath the ground
remain unplanned, not engineered or managed in a way to realise its
potential value.
Main drivers in the social
value evaluation are been founded in cost and risk analyses that are
strictly linked with the community life style. According with
this point of view, all the underground infrastructure projects
seems to be no proficient comparing it with the surface project since
the short-term costs and impact of development are often higher, but
this is often outweighed by the longer-term societal benefits.
The value and the use of urban
underground spaces are broadly increasing in line with cities
growth as results of land cost increase and the research of
more compact and efficient cities.
The urban subsurface space is
used for a wide variety of applications that deliver social benefits
(Figure 1). Cities and towns have evolved to use and exploit the
urban subsurface in a multitude of different ways, for
example for water supply, transport infrastructure, buried
utilities, and waste disposal.
To better assess the social
value of an underground infrastructure project, the evaluation should
be done using a framework not only based on economic
valuation and monetary indicators but that embrace the concept of
total impact measurement across financial, social, human and
environmental capital.
The cost-benefit analysis,
that at present remains the predominant tool to evaluate a project
proposal, for underground development often fails to identify the
broader and long-term societal benefits of subsurface utilisation.
These benefits are delivered at a range of different spatial and
temporal scales. In such cases, a cost-benefit analysis based on
financial metrics will conclude a low financial return on investment,
since broader social value is neglected.
The stakeholder’s engagement
and a more sophisticated life cycle and cost benefit analysiscould
allow to evaluate the intrinsic value, environmental services, and
competing demands on underground space and resources correctly to
reduce the ‘value gap’ and ‘opportunity
cost’.
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