A cost-benefit analysis for a planned underground railway gave the following figures. (annual costs and benefits $ million) annual capital cost 10; operating and maintenance costs 3; fare revenue 6; savings to private travellers 5; savings to business 10; other economic benefits 7. What conclusion can be drawn from the figures?
- AIf undertaken by the private sector there would be a loss of $13 million.
- BIf undertaken by the private sector there would be a profit of $3 million.
- CIf undertaken by the public sector there would be a net social benefit of $15 million.
- DIf undertaken by the public sector there would be a net social cost of $1 million.