Ex ante evaluation of railway station development projects: Issues still to be solved

Piet Rietveld and Bert Wee
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Bert Wee: Delft University of Technology

Chapter 8 in Railway Development, 2008, pp 147-169 from Springer

Abstract: Abstract Governments have traditionally had a major impact on railway systems, at least in so far as the infrastructure is concerned, classical reasons being network externalities and the large fixed costs, including its impact on tariffs that would strongly exceed marginal costs. The latter means that welfare maximising tariffs would lead to losses for the railway operators. Moreover, in several countries rail services have been subsidised for over 40 years in order to increase their competitive status in comparison to the car. Environmental externalities are an additional reason for government involvement: e.g. national, regional and local authorities decide on the ‘best’ route for a new line to be constructed in order to mitigate impacts on the local environment.

Keywords: Transport Cost; Consumer Surplus; Railway Station; Infrastructure Project; Land Rent (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-7908-1972-4_8

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DOI: 10.1007/978-3-7908-1972-4_8

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