publication . Research . 2008

The economic effects of high speed rail investment

de Rus, Ginés;
Open Access English
  • Published: 01 Jan 2008
  • Publisher: Paris: Organisation for Economic Co-operation and Development (OECD), Joint Transport Research Centre (JTRC)
Abstract
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 n...
Subjects
free text keywords: cost-benefit analysis, infrastructure investment, high speed rail, intermodal competition, Infrastrukturinvestition, Verkehrsträgerwettbewerb, Hochgeschwindigkeitszug, Kosten-Nutzen-Analyse, Europa, ddc:330
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