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Journal of Benefit-Cost Analysis

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The BCA of HSR: Should the Government Invest in High Speed Rail Infrastructure?

Ginés De Rus
Published Online: 2011-01-03 | DOI: https://doi.org/10.2202/2152-2812.1058

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.

Keywords: infrastructure; public investment; high speed rail; benefit-cost analysis

About the article

Published Online: 2011-01-03

Citation Information: Journal of Benefit-Cost Analysis, Volume 2, Issue 1, ISSN (Online) 2152-2812, DOI: https://doi.org/10.2202/2152-2812.1058.

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©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

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