Consequences of differences in cost-benefit methodology in railway infrastructure appraisal—A comparison between selected countries
AbstractThis paper presents the cost-benefit methodology used in the appraisal of railway infrastructure in Norway, Sweden, Denmark, the UK, France, Germany and Switzerland. The consequences of differences in methodology are illustrated by a case-study undertaken with the methodology from each of the seven countries. Differences in methodology means that results from the analyses are far from similar. The case project has a positive net present value based on Swiss and British methodology, but negative net present value using methodology from any of the other five countries.
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Bibliographic InfoArticle provided by Elsevier in its journal Transport Policy.
Volume (Year): 22 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description
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