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Interurban Passenger Transport: Economic Assessment of Major Infrastructure Projects

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  • Ginés de Rus

    (University of Las Palmas)

Abstract

The future of interurban public transport will be significantly affected by public sector decisions concerning investment in infrastructure, particularly the construction of new high-speed rail lines in medium-distance corridors where cars, buses, airplanes and conventional trains are the competing modes of transport. The distribution of traffic between the alternative modes of transport depends on the generalized prices, which fundamentally consist of costs, time and government’s pricing decisions. High-speed rail investment, financed by national governments and supranational institutions such as the European Union (EU), has drastically changed the previous equilibrium in the affected corridors. This paper discusses the economic rationale for allocating public money to the construction of high-speed rail infrastructure and how the present institutional design affects the selection of projects by national and regional governments, with deep long-term effects in these corridors and beyond.

Suggested Citation

  • Ginés de Rus, 2009. "Interurban Passenger Transport: Economic Assessment of Major Infrastructure Projects," OECD/ITF Joint Transport Research Centre Discussion Papers 2009/18, OECD Publishing.
    • Handle: RePEc:oec:itfaaa:2009/18-en
    DOI: 10.1787/5kmmr3d2878v-en
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    Cited by:

    1. Mondragón-Ixtlahuac, Monica Marina & Cortés-Martínez, Juan Carlos & Delgado-Hernández, David Joaquín, 2017. "A strategic planning model for the passenger rail implementation process: The case of Mexico," Transport Policy, Elsevier, vol. 55(C), pages 29-37.
    2. Nikolaos Thomopoulos & Susan Grant-Muller, 2013. "Incorporating equity as part of the wider impacts in transport infrastructure assessment: an application of the SUMINI approach," Transportation, Springer, vol. 40(2), pages 315-345, February.
    3. Ofelia Betancor & Juan Luis Jiménez, 2011. "When trains go faster than planes: the strategic reaction of airlines in Spain," ERSA conference papers ersa11p295, European Regional Science Association.
    4. Thomopoulos, Nikolaos & Grant-Muller, Susan, 2013. "Incorporating equity as part of the wider impacts in transport infrastructure assessment: an application of the SUMINI approach," LSE Research Online Documents on Economics 60073, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    high speed rail; incentives; infrastructure; intermodal competition; project evaluation;
    All these keywords.

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