The Economic Effects of High Speed Rail Investment:
The allocation of traffic between different transport modes follows transport user decisions which depend on the generalized cost of travel in the available alternatives. High Speed Rail (HSR) investment is a government decision with significant effects on the generalized cost of rail transport; and...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2008
|
| Schriftenreihe: | OECD/ITF Joint Transport Research Centre Discussion Papers
no.2008/16 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The allocation of traffic between different transport modes follows transport user decisions which depend on the generalized cost of travel in the available alternatives. High Speed Rail (HSR) investment is a government decision with significant effects on the generalized cost of rail transport; and therefore on the modal split in corridors where private operators compete for traffic and charge prices close to total producer costs (infrastructure included). The rationale for HSR investment is not different to any other public investment decision. Public funds should be allocated to this mode of transport if its net expected social benefit is higher than in the next best alternative. The exam of data on costs and demand shows that the case for investing in HSR is strongly dependent on the existing volume of traffic where the new lines are built, the expected time savings and generated traffic and the average willingness to pay of potential users, the release of capacity in congested roads, airports or conventional rail lines and the net reduction of external effects. This paper discusses, within a cost-benefit analysis framework, under which conditions the expected benefits from deviated traffic (plus generated traffic), and other alleged external effects and indirect benefits justify the investment in HSR projects. It pays special attention to intermodal effects and pricing. |
| Beschreibung: | 1 Online-Ressource (38 p.) 21 x 29.7cm. |
| DOI: | 10.1787/235171703148 |
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| 520 | |a The allocation of traffic between different transport modes follows transport user decisions which depend on the generalized cost of travel in the available alternatives. High Speed Rail (HSR) investment is a government decision with significant effects on the generalized cost of rail transport; and therefore on the modal split in corridors where private operators compete for traffic and charge prices close to total producer costs (infrastructure included). The rationale for HSR investment is not different to any other public investment decision. Public funds should be allocated to this mode of transport if its net expected social benefit is higher than in the next best alternative. The exam of data on costs and demand shows that the case for investing in HSR is strongly dependent on the existing volume of traffic where the new lines are built, the expected time savings and generated traffic and the average willingness to pay of potential users, the release of capacity in congested roads, airports or conventional rail lines and the net reduction of external effects. This paper discusses, within a cost-benefit analysis framework, under which conditions the expected benefits from deviated traffic (plus generated traffic), and other alleged external effects and indirect benefits justify the investment in HSR projects. It pays special attention to intermodal effects and pricing. | ||
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| indexdate | 2024-11-26T14:56:00Z |
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| series2 | OECD/ITF Joint Transport Research Centre Discussion Papers |
| spelling | de Rus, Ginés VerfasserIn aut The Economic Effects of High Speed Rail Investment Ginés, de Rus Paris OECD Publishing 2008 1 Online-Ressource (38 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/16 The allocation of traffic between different transport modes follows transport user decisions which depend on the generalized cost of travel in the available alternatives. High Speed Rail (HSR) investment is a government decision with significant effects on the generalized cost of rail transport; and therefore on the modal split in corridors where private operators compete for traffic and charge prices close to total producer costs (infrastructure included). The rationale for HSR investment is not different to any other public investment decision. Public funds should be allocated to this mode of transport if its net expected social benefit is higher than in the next best alternative. The exam of data on costs and demand shows that the case for investing in HSR is strongly dependent on the existing volume of traffic where the new lines are built, the expected time savings and generated traffic and the average willingness to pay of potential users, the release of capacity in congested roads, airports or conventional rail lines and the net reduction of external effects. This paper discusses, within a cost-benefit analysis framework, under which conditions the expected benefits from deviated traffic (plus generated traffic), and other alleged external effects and indirect benefits justify the investment in HSR projects. It pays special attention to intermodal effects and pricing. Transport FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/235171703148 Volltext |
| spellingShingle | de Rus, Ginés The Economic Effects of High Speed Rail Investment Transport |
| title | The Economic Effects of High Speed Rail Investment |
| title_auth | The Economic Effects of High Speed Rail Investment |
| title_exact_search | The Economic Effects of High Speed Rail Investment |
| title_full | The Economic Effects of High Speed Rail Investment Ginés, de Rus |
| title_fullStr | The Economic Effects of High Speed Rail Investment Ginés, de Rus |
| title_full_unstemmed | The Economic Effects of High Speed Rail Investment Ginés, de Rus |
| title_short | The Economic Effects of High Speed Rail Investment |
| title_sort | economic effects of high speed rail investment |
| topic | Transport |
| topic_facet | Transport |
| url | https://doi.org/10.1787/235171703148 |
| work_keys_str_mv | AT derusgines theeconomiceffectsofhighspeedrailinvestment AT derusgines economiceffectsofhighspeedrailinvestment |