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Economic Sustainability of High–Speed and High–Capacity Railways

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  • Filippo Giammaria Praticò

    (DIIES Department, University Mediterranea of Reggio Calabria, 89124 Reggio Calabria, Italy)

  • Rosario Fedele

    (DIIES Department, University Mediterranea of Reggio Calabria, 89124 Reggio Calabria, Italy)

Abstract

High–speed railways (HSRs or AV) and high–capacity railways (HCRs or AC, herein in the sense of open to freight trains) are crucial for the social and economic development of regions and nations. Their design, construction, and maintenance should comply with many requirements, including environment–, finance–, and policy–related ones. To this end, it is noted that the 2030 Agenda for Sustainable Development Goals (UN–SDGs, United Nations Member States, 2015) lists 17 targets, including decent work and economic growth (number 8), industry, innovation and culture (n. 9), and take urgent action to combat climate change and its impacts (n. 13). Despite the above, when analysing costs, many uncertainties arise. In light of the foregoing, the main objectives of the study presented in this paper have been confined to the definition of a model for the estimation of HSR and HSR/HCR infrastructure cost. Theoretical considerations and data derived from Italian (both HSR and HSR/HCR), Spanish, and French HSR projects were used to set up and validate the proposed model. Results demonstrate that, under given conditions, it is possible to explain cost variability in terms of four main factors, namely high capacity (ACF), speed (SF), national (NF), and freight train factor (K), where this latter mainly refers to the need for longer tracks when freight trains are the main type of traffic.

Suggested Citation

  • Filippo Giammaria Praticò & Rosario Fedele, 2022. "Economic Sustainability of High–Speed and High–Capacity Railways," Sustainability, MDPI, vol. 15(1), pages 1-22, December.
    • Handle: RePEc:gam:jsusta:v:15:y:2022:i:1:p:725-:d:1021308
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    References listed on IDEAS

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    1. Francesca Pagliara & Filomena Mauriello & Lucia Russo, 2020. "A Regression Tree Approach for Investigating the Impact of High Speed Rail on Tourists’ Choices," Sustainability, MDPI, vol. 12(3), pages 1-15, January.
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    3. Ştefan Cristian Gherghina & Mihaela Onofrei & Georgeta Vintilă & Daniel Ştefan Armeanu, 2018. "Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth," Sustainability, MDPI, vol. 10(8), pages 1-34, August.
    4. Yongzhi Chang & Yang Yang & Suocheng Dong, 2018. "Comprehensive Sustainability Evaluation of High-Speed Railway (HSR) Construction Projects Based on Unascertained Measure and Analytic Hierarchy Process," Sustainability, MDPI, vol. 10(2), pages 1-19, February.
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