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Is Investment in High Speed Rail Socially Profitable?

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  • Ginés de Rus
  • Gustavo Nombela

Abstract

The development of High 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 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 the European HSR lines in operation, potential time savings, standard values of time and expected demand growth, we estimate the minimum level of demand required from which investment in HSR could be considered profitable from a social perspective. Other benefits, such as providing long-term capacity where overcrowding is expected, could reduce the minimum demand thresholds reported in this paper. © 2007 LSE and the University of Bath

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Bibliographic Info

Article provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.

Volume (Year): 41 (2007)
Issue (Month): 1 (January)
Pages: 3-23

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Handle: RePEc:tpe:jtecpo:v:41:y:2007:i:1:p:3-23

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Web page: http://www.bath.ac.uk/e-journals/jtep

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Cited by:
  1. Ginés de Rus & M. Pilar Socorro, 2012. "Access pricing and investment in vertical structures with complementary or rival facilities," Working Papers 2012-06, FEDEA.
  2. Marie Delaplace & Sylvie Bazin & christophe Beckerich & Corinne Blanquart, 2011. "High speed Rail service and local economic development, a review," ERSA conference papers ersa10p167, European Regional Science Association.
  3. Campos, Javier & de Rus, Ginés, 2009. "Some stylized facts about high-speed rail: A review of HSR experiences around the world," Transport Policy, Elsevier, vol. 16(1), pages 19-28, January.
  4. Nicole Adler & Chris Nash & Eric Pels, 2008. "High-Speed Rail & Air Transport Competition," Tinbergen Institute Discussion Papers 08-103/3, Tinbergen Institute.
  5. Socorro, M. Pilar & Viecens, M. Fernanda, 2013. "The effects of airline and high speed train integration," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 160-177.
  6. Thomas Ehrmann & Karl-Hans Hartwig & Torsten Marner & Hendrik Schmale, 2009. "Specific Investments and Ownership Structures in Railways – An Experimental Analysis," Working Papers 12, Institute of Transport Economics, University of Muenster.
  7. Betancor, Ofelia., 2011. "Estudio de las posibilidades de implantación de sistemas intermodales: el Caso Málaga," Economic Reports 07-2011, FEDEA.
  8. Adler, Nicole & Pels, Eric & Nash, Chris, 2010. "High-speed rail and air transport competition: Game engineering as tool for cost-benefit analysis," Transportation Research Part B: Methodological, Elsevier, vol. 44(7), pages 812-833, August.
  9. Crozet, Yves & Chassagne, Florian, 2013. "Rail access charges in France: Beyond the opposition between competition and financing," Research in Transportation Economics, Elsevier, vol. 39(1), pages 247-254.
  10. Nicole Adler & Chris Nash & Eric Pels, 2008. "High-Speed Rail & Air Transport Competition," Tinbergen Institute Discussion Papers 08-103/3, Tinbergen Institute.
  11. Michael B. Charles & Neal Ryan & Robbert A. Kivits, 2012. "Moving towards sustainable intercity transport: a case study of high-speed rail in Australia," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 15(1/2), pages 125-147.

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