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Scenarios for the impact of tolls

Resident of Mýrar/Suðursveit who travels to Höfn daily for work or services

  • Number of trips 45 trips per month

  • Toll                        ISK 18,750

  • Cost per trip     ISK 417 per trip

  • Vehicle operating costs according to FÍB  ISK 30–45 per km

  • Reduction in driving - 14 km × 45 = 630 km per month

  • Time saved - 20 minutes × 45 = 15 hours per month

  • Total savings in vehicle operating costs:  ISK 18,900–28,350

  • The direct benefit to residents of Mýrar/Suðursveit from lower vehicle operating costs is therefore up to ISK 10,000 per month, excluding any benefit from time savings.

Resident of Höfn who travels to the capital region once a month

  • Number of trips 2 trips per month

  • Toll                       ISK 2,625

  • Cost per trip    ISK 1,313 per trip

  • Vehicle operating costs according to FÍB  ISK 30–45 per km

  • Reduction in driving - 14 km × 2 = 28 km per month

  • Time saved - 20 minutes × 2 = 0.67 hours per month

  • Total savings in vehicle operating costs:  ISK 840–1,260 per month

  • The additional cost to the user is therefore approximately ISK 1,365–1,765 per month.

Here are presented various scenarios regarding the impact of tolls on different user groups at the bridge over the Hornafjörður River

Resident of Mýrar/Suðursveit who travels to Höfn twice a week

  • Number of trips 10 trips per month

  • Toll                       ISK 9,750

  • Cost per trip    ISK 975 per trip

  • Vehicle operating costs according to FÍB  ISK 30–45 per km

  • Reduction in driving - 14 km × 10 = 140 km per month

  • Time saved - 20 minutes × 10 = 3.3 hours per month

  • Total savings in vehicle operating costs:  ISK 4,200–6,300

  • The additional cost is therefore approximately ISK 3,400–5,500 per month.

40-tonne freight truck travelling twice a week

  • Number of trips 10 trips per month

  • Toll                        ISK 45,000 per month

  • Cost per trip     ISK 4,500 per trip

  • Benefit to the user:

  • Per-kilometre charge – vehicle over 30 tonnes  ISK 45.17 per km

  • Per-kilometre charge – 20-tonne trailer  ISK 29.77 per km

  • Operating costs for heavy goods vehicles  ISK 200 per km

  • Reduction in driving - 14 km × 10 = 140 km per month

  • Time saved - 20 minutes × 10 = 3.3 hours per month

  • Toll cost  ISK 45,000 per month

  • Savings  ISK 38,500 per month

  • The additional direct cost to the user is ISK 6,500 per month.

  • Time saved  3.3 hours per month

  • Cost of time in commercial transport  ISK 6,000 per hour

  • Value of time saved  ISK 19,800 per month

  • Total benefit  ISK 13,300 per month

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