This paper analyzes the feasibility of a new high-speed railway line (megaproject) in order to establish and verify the minimal conditions, that influence the results of the analysis (parameter values of: cost per km, amount of demand and share of diverted traffic from road system). Feasibility is investigated from the many different standpoints, such as those represented by the Infrastructure Manager, the Railway Operator and the Community. As for the first two subjects involved in the projects, their financial sustainability must be verified; for the latter, the economic achievability needs to be proved. Keywords: railway project, financial analysis, cost-benefit analysis, charges, traffic demand. JEL Classification: L91, L98, R42.
“Italian Megaprojct:High- Speed Railway Feasibility”
CAPPELLI, AGOSTINO;LIBARDO, ALESSANDRA
2010-01-01
Abstract
This paper analyzes the feasibility of a new high-speed railway line (megaproject) in order to establish and verify the minimal conditions, that influence the results of the analysis (parameter values of: cost per km, amount of demand and share of diverted traffic from road system). Feasibility is investigated from the many different standpoints, such as those represented by the Infrastructure Manager, the Railway Operator and the Community. As for the first two subjects involved in the projects, their financial sustainability must be verified; for the latter, the economic achievability needs to be proved. Keywords: railway project, financial analysis, cost-benefit analysis, charges, traffic demand. JEL Classification: L91, L98, R42.
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