scholarly journals The BCA of HSR: Should the Government Invest in High Speed Rail Infrastructure?

2011 ◽  
Vol 2 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Ginés De Rus
Keyword(s):  
High Speed ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
High Volume ◽  
Environmental Benefits ◽  
High Speed Rail ◽  
Rail Network ◽  
Expected Benefits ◽  
The Government

This paper deals with public investment in High-Speed Rail (HSR) infrastructure and tries to understand the economic rationale for allocating public money to the construction of new HSR lines. The examination of data on costs and demand shows that the case for investing in HSR requires several conditions to be met: an ex ante high volume of traffic in the corridor where the new lines are built, significant time savings, high average willingness of potential users to pay, the release of capacity in the conventional rail network and airports. On the contrary, net environmental benefits seem to be insignificant in influencing the social desirability of HSR investment. This paper discusses, within a cost-benefit analysis framework, under which conditions the expected benefits could justify the investment in HSR projects.

High Speed Rail for America’s Regional Transportation: A Study of Amtrak’s Northeast Corridor

2010 ◽  
Author(s):  
X. Wang ◽  
P. Bortner ◽  
W. Peterson ◽  
D. McCullough
Keyword(s):  
High Speed ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
The United States ◽  
Transportation Systems ◽  
High Speed Rail ◽  
Rail Network ◽  
Passenger Rail ◽  
Near Term ◽  
Benefits And Costs

After 60 years and more than $1.9 trillion of investments, the United States has developed one of the world’s most advanced highway and aviation systems. However, these transportation systems are now at a gridlock. To reduce the congestion and increase efficiency of America’s regional transportation, rail transit should be considered as a promising, long-term solution. The recent stimulus package provides planners an opportunity to reconsider the potentials of regional passenger rail network, especially the high speed rail system. After examining the development history and current condition of America’s passenger rail network, the paper focuses on Amtrak’s Northeast Corridor (NEC) and proposes three different improvement plans that can increase travel speeds and attract more ridership: (1) return the corridor to a state of good repair; (2) construct a new dedicated High-Speed Rail track; and (3) develop a multimodal-shared and connected corridor. Each plan has its advantages and drawbacks, and measuring the extent of each plan’s benefits and costs is known to be challenging. To evaluate these plans, the paper utilizes a non-traditional cost-benefit analysis method which considers changes in ridership, life-cycle costs as well as each plan’s economic and environmental impacts (negative or positive). It is found that returning the existing corridor to a state of good repair is the most efficient improvement plan in near term.

scholarly journals Effects of Rail Stations at Airports in Europe

2000 ◽  
Vol 1703 (1) ◽  
pp. 90-97 ◽  
Author(s):  
J.-P. Widmer ◽  
C. Hidber
Keyword(s):  
Public Transport ◽  
High Speed ◽  
Positive Impact ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Budget Deficits ◽  
High Speed Rail ◽  
Rail Network ◽  
Charles De Gaulle ◽  
The Impact

The effects of rail stations, including high-speed rail, at airports in Europe are discussed in terms of a cost-benefit framework. Rail stations are operational at many European airports and are at the center of interest when road access relief at airports is considered, as well as when rail and air transport complementarity is considered. As public budget deficits are under more scrutiny than in the past and privatization of state-owned public transport companies is being considered, it is of interest to know the extent to which rail stations at airports improve the performance of the rail companies and have a positive impact on the economy as a whole (are of value to taxpayers). The study is based on a cost-benefit analysis of rail stations at five major airports (Brussels, Zurich, Frankfurt, Paris-Orly, and Paris-Charles de Gaulle) and two medium-sized airports (Geneva and Stuttgart). The results of case studies of several rail stations (those in Belgium, France, Germany, and Switzerland), which had wide spectra of technology and operating system backgrounds, showed that the overall effects of rail stations, by taking into account investment costs and the partial effects on the railways, were positive for the major (hub) airports analyzed [except in particular cases for particular reasons (Brussels and Paris-Orly)] but were balanced or negative for the medium-sized airports analyzed. The results show not only the impact of airport size but also that of distance to the airport by rail, because the benefit to users in terms of time and fare savings played a significant role and highlighted the benefits of having access to a rail network as much as possible. Finally, the effects on public transport as a whole (i.e., the effects on all public transport companies at the airport, including taxi and parking operators) were negative.

Public Investment Criteria: Benefit-Cost Analysis for Planned Economic Growth by Stephen A. Marglin. London: George Allen & Unwin Ltd., 1967. pp.103. 22s. 6d.********** Investments for Capacity Expansion: Size, Location and Time-Phasing edited by Alan S. Manne. London: George Allen & Unwin Ltd., 1967. pp.239. 45s.Investments for Capacity Expansion: Size, Location and Time-Phasing edited by Alan S. Manne. London: George Allen & Unwin Ltd., 1967. pp.239. 45s.

1967 ◽  
Vol 7 (3) ◽  
pp. 416-420
Author(s):  
Arthur MacEwan
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Capacity Expansion ◽  
Point Of View ◽  
Systematic Analysis ◽  
Benefit Cost Analysis ◽  
The Government ◽  
The Many ◽  
Benefit Cost

These books are numbers 4 and 5, respectively, in the series "Studies in the Economic Development of India". The two books are interesting complements to one another, both being concerned with the analysis of projects within national plan formulation. However, they treat different sorts of problems and do so on very different levels. Marglin's Public Investment Criteria is a short treatise on the problems of cost-benefit analysis in an Indian type economy, i.e., a mixed economy in which the government accepts a large planning responsibility. The book, which is wholely theoretical, explains the many criteria needed for evaluation of projects. The work is aimed at beginning students and government officials with some training in economics. It is a clear and interesting "introduction to the special branch of economics that concerns itself with systematic analysis of investment alternatives from the point of view of a government".

scholarly journals Access to Secondary HSR Stations in the Urban Periphery: A Generalised Cost-Based Assessment

2021 ◽  
Vol 13 (21) ◽  
pp. 12286
Author(s):  
Carlos Romero ◽  
Clara Zamorano ◽  
Emilio Ortega ◽  
Belén Martín
Keyword(s):  
Urban Areas ◽  
High Speed ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Assessment ◽  
Benefit Analysis ◽  
High Speed Rail ◽  
Gis Methods ◽  
Generalised Cost

Investments in high-speed rail (HSR) development contribute to reducing regional disparities and improving territorial cohesion. When studying the efficacy of HSR investments, the travel time (and effort) spent on getting to and from the HSR station is crucial. In large urban areas there may be more than one station, and a peripheral station may complement the central stations and become a powerful vector for development. The rationale of this paper revolves around the possibility of applying a methodology based on generalised cost (GC) functions to study the advantages of new HSR-related projects in different locations. With this aim, we evaluate a real example in Seville (Spain) to determine whether the improvement in metropolitan accessibility to HSR services justifies the implementation of a new peripheral station, using a methodology to assess the territorial accessibility based on GC functions and modal travel times obtained with GIS methods, followed by an economic assessment based on a cost-benefit analysis. The paper ends with the main conclusions and a discussion of the methodology applied, the reductions in generalised costs resulting from the new station, the relevance of the case study, the limitations of the approach and further research stemming from this study.

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