Interurban passenger transport : economic assessment of major infrastructure projects.

Author(s)
Rus, G. de
Year
Abstract

The future of interurban public transport will be significantly affected by public sector decisions concerning investment in infrastructure, particularly the construction of new high speed railway lines in medium-distance corridors where cars, buses, aeroplanes and conventional trains are the competing modes of transport. The distribution of traffic between the alternative modes of transport depends on the generalized prices, which fundamentally consists of costs, time and the government's pricing decisions. High speed rail investment, financed by national governments and supernational institutions such as the European Union (EU), has drastically changed the previous equilibrium in the affected corridors. This paper discusses the economic rationale for allocating public money to the construction of high speed rail infrastructure and how the present institutional design affects the selection of projects by national and regional governments, with deep long-term effects in these corridors and beyond. For the covering abstract see ITRD E146823

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Publication

Library number
C 49271 (In: C 49266 [electronic version only]) /72 /10 / ITRD E146840
Source

In: The future for interurban passenger transport : introductory papers and summary of discussions presented at the 18th international on transport economics and policy, Madrid, May 2009, p. 191-217

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