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The cost of building and operating a new high speed rail line

Author

Listed:
  • Campos, Javier
  • de Rus, Gines
  • Barron, Iñaki

Abstract

What is the total cost of building, maintaining and operating a new high speed rail (HSR) line? Trying to answer this question is the main objective of this paper. To address it we will make an extensive use a database containing information about 166 actual HSR projects in 20 countries is analysed in detail. This database provides a rough guide about the typical cost structure of any HSR project and suggests tentative estimates for some representative unit values of those costs. This information, together with some additional values gathered from other sources allow us to perform a simple simulation exercise capable not only of providing an answer to the initial question, but also of offering insights on the relevance of some elements in determining the total costs of a HSR line.

Suggested Citation

  • Campos, Javier & de Rus, Gines & Barron, Iñaki, 2007. "The cost of building and operating a new high speed rail line," MPRA Paper 12396, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12396
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    File URL: https://mpra.ub.uni-muenchen.de/38676/1/MPRA_paper_38676.pdf
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    References listed on IDEAS

    as
    1. Kingsley E. Haynes, 1997. "Labor markets and regional transportation improvements: the case of high-speed trains An introduction and review," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 31(1), pages 57-76.
    2. David Gillen & David Levinson & Jean Michel Mathieu & Adib Kanafani, 1997. "The full cost of high-speed rail: an engineering approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 31(2), pages 189-215.
    3. Vickerman, R W, 1995. "The Regional Impacts of Trans-European Networks," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 29(2), pages 237-254, May.
    4. K. E. Haynes & C. Karlsson & U. Blum, 1997. "Introduction to the special issue The regional and urban effects of high-speed trains," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 31(1), pages 1-20.
    5. Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
    6. Juan Martín & Gustavo Nombela, 2007. "Microeconomic impacts of investments in high speed trains in Spain," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(3), pages 715-733, September.
    7. C.A. Nash, 1991. "The case for high speed rail," Investigaciones Economicas, Fundación SEPI, vol. 15(2), pages 337-354, May.
    8. José A. Gómez-Ibáñez & Ginés de Rus (ed.), 2006. "Competition in the Railway Industry," Books, Edward Elgar Publishing, number 4213, April.
    9. Andrew W. Evans, 2003. "Accidental fatalities in transport," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 166(2), pages 253-260.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Transport costs; High speed rail;

    JEL classification:

    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General

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