Economic assessment of railway policies: high speed or high-performance. A case of study

The objective of the present paper is to assess the railway investment project in Spain for the Santander-Madrid route, using the Cost-Benefit Analysis method. The paper aims at answering the following question - what is more viable: a High Speed Train for passengers between Santander and Madrid, or...

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Detalles Bibliográficos
Autores: Coto Millán, Pablo|||0000-0002-8126-0394, Casares Hontañón, Pedro|||0000 0003 5636 2740, Inglada López de Sabando, Vicente
Tipo de recurso: artículo
Fecha de publicación:2012
País:España
Institución:Universidad de Cantabria (UC)
Repositorio:UCrea Repositorio Abierto de la Universidad de Cantabria
Idioma:inglés
OAI Identifier:oai:repositorio.unican.es:10902/4521
Acceso en línea:http://hdl.handle.net/10902/4521
Access Level:acceso abierto
Palabra clave:High speed train
High performance train
Cost-benefit analysis
Demand
Descripción
Sumario:The objective of the present paper is to assess the railway investment project in Spain for the Santander-Madrid route, using the Cost-Benefit Analysis method. The paper aims at answering the following question - what is more viable: a High Speed Train for passengers between Santander and Madrid, or rather a High Performance Train for passengers and cargo between Santander and Madrid? Being able to answer this question is clearly key information for investment decision making in the field of government's or country's transport policy. In this study, a Cost-Benefit Analysis with two options for the railway project has been calculated: only passengers and combined passengers-cargo. In this case, results favour the passengers-cargo option rather than its alternative.