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| Author: | Rus, G. de Nombela, G. |
| Title: | Is investment in high speed rail socially profitable? |
| Journal: | Journal of Transport Economics and Policy
2007 : JAN, VOL. 41:1, p. 3-23 |
| Index terms: | European Commission European Union traffic transport transport economics |
| Language: | eng |
| Abstract: | The development of Hihg Speed Rail (HSR) in Europe has been encouraged, and financially supported, by the European Commission. HSR technology is presented as a solution to congested roads and airports and as a solution to congested roads and airports and as an efficient response for incremental demand in the coming years. However, the case for an HSR investment project is highly dependent on the existing volume of demand in the affected corridor. Using real construction, maintenance, and rolling stock costs of European HSR lines in operation, potential time savings, standard values of time and expected demand growth, the minimum level of demand required from which investment in HSR could be considered profitable from a social perspective is estimated here. |
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