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Title: The BCA of HSR: should the government invest in high speed rail infrastructure?
Authors: Rus Mendoza, Ginés De 
UNESCO Clasification: 531290 Economía sectorial: turismo
Keywords: Infrastructure
Public Investment
High Speed Rail
Benefit-Cost Analysis
Issue Date: 2011
Journal: Journal of Benefit-Cost Analysis 
Abstract: This paper deals with public investment in High-Speed Rail (HSR) infrastructure and tries to understand the economic rationale for allocating public money to the construction of new HSR lines. The examination of data on costs and demand shows that the case for investing in HSR requires several conditions to be met: an ex ante high volume of traffic in the corridor where the new lines are built, significant time savings, high average willingness of potential users to pay, the release of capacity in the conventional rail network and airports. On the contrary, net environmental benefits seem to be insignificant in influencing the social desirability of HSR investment. This paper discusses, within a cost-benefit analysis framework, under which conditions the expected benefits could justify the investment in HSR projects.
ISSN: 2152-2812
DOI: 10.2202/2152-2812.1058
Source: Journal Of Benefit-Cost Analysis[ISSN 2152-2812],v. 2 (1), (Enero 2011)
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