Social benefits recurring from a better road connection between Slagentangen and E18

We have studied the social benefits yielding from building a new road between Slagentangen and R19(Hortensveien), assuming that R306 from Kirkebakken to Solerød will be renewed. The new road connection will imply time and cost savings for northbound transports from the oil refinery at Slagentangen. Business transport and private traveling in the nearby area will to some extent benefit from reduced travel times, but their traveling distance will not be affected. The new road connection will remove all tank trucking from Slagentangen through the central districts of Tønsberg. According to our calculations a low estimate on traffic benefiting from the project implies that social benefits can justify investments amounting to approximately 80 mill NOK at 1995 prices. Based on a higher estimate on benefiting traffic we have calculated justifiable investments to approximately 110 mill NOK at 1995 prices.