RESEARCH ARTICLE
Economic Assessment of Railway Policies: High Speed or High- Performance. A Case of Study
Pablo Coto-Millán*, 1, Pedro Casares1, Vicente Inglada2
Article Information
Identifiers and Pagination:
Year: 2012Volume: 6
First Page: 23
Last Page: 30
Publisher ID: TOTJ-6-23
DOI: 10.2174/1874447801206010023
Article History:
Received Date: 17/10/2011Revision Received Date: 20/1/2012
Acceptance Date: 29/2/2012
Electronic publication date: 20/4/2012
Collection year: 2012
open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: https://creativecommons.org/licenses/by/4.0/legalcode. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
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.