The Economics of Investment in High-Speed Rail:
High-speed trains can compete successfully with road, air and conventional rail services on densely trafficked routes where willingness to pay is sufficient at the relatively elevated fare levels needed to cover costs. High-speed rail investments can also relieve congestion on the conventional rail...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2014
|
| Schriftenreihe: | ITF Round Tables
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | High-speed trains can compete successfully with road, air and conventional rail services on densely trafficked routes where willingness to pay is sufficient at the relatively elevated fare levels needed to cover costs. High-speed rail investments can also relieve congestion on the conventional rail network, and the capacity for high-speed rail to provide fast city centre to city centre services creates new possibilities for day-return business trips and short-stay leisure trips. The long cost recovery periods for high-speed lines imply government involvement in the financing of most investments. The high costs mean that governments can be exposed to accumulation of large debts, particularly if demand develops more slowly than expected. Where high-speed rail investments are designed to promote regional integration rather than meet commercial demand, significant subsidy from central and regional governments will be needed for the construction of infrastructure and possibly also for train operations. This report examines the key factors that drive the costs of high-speed rail investment and reviews the economic benefits delivered by high-speed rail services on the basis of experience in countries that have developed large high-speed rail networks |
| Beschreibung: | 1 Online-Ressource (180 Seiten) 21 x 28cm |
| ISBN: | 9789282107751 |
| DOI: | 10.1787/9789282107751-en |
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| index_date | 2024-07-03T15:44:20Z |
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| isbn | 9789282107751 |
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| spelling | International Transport Forum Verfasser aut The Economics of Investment in High-Speed Rail International Transport Forum Paris OECD Publishing 2014 1 Online-Ressource (180 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier ITF Round Tables High-speed trains can compete successfully with road, air and conventional rail services on densely trafficked routes where willingness to pay is sufficient at the relatively elevated fare levels needed to cover costs. High-speed rail investments can also relieve congestion on the conventional rail network, and the capacity for high-speed rail to provide fast city centre to city centre services creates new possibilities for day-return business trips and short-stay leisure trips. The long cost recovery periods for high-speed lines imply government involvement in the financing of most investments. The high costs mean that governments can be exposed to accumulation of large debts, particularly if demand develops more slowly than expected. Where high-speed rail investments are designed to promote regional integration rather than meet commercial demand, significant subsidy from central and regional governments will be needed for the construction of infrastructure and possibly also for train operations. This report examines the key factors that drive the costs of high-speed rail investment and reviews the economic benefits delivered by high-speed rail services on the basis of experience in countries that have developed large high-speed rail networks Transport https://doi.org/10.1787/9789282107751-en Verlag kostenfrei Volltext |
| spellingShingle | The Economics of Investment in High-Speed Rail Transport |
| title | The Economics of Investment in High-Speed Rail |
| title_auth | The Economics of Investment in High-Speed Rail |
| title_exact_search | The Economics of Investment in High-Speed Rail |
| title_exact_search_txtP | The Economics of Investment in High-Speed Rail |
| title_full | The Economics of Investment in High-Speed Rail International Transport Forum |
| title_fullStr | The Economics of Investment in High-Speed Rail International Transport Forum |
| title_full_unstemmed | The Economics of Investment in High-Speed Rail International Transport Forum |
| title_short | The Economics of Investment in High-Speed Rail |
| title_sort | the economics of investment in high speed rail |
| topic | Transport |
| topic_facet | Transport |
| url | https://doi.org/10.1787/9789282107751-en |
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