Cost benefit analysis and ex-post evaluation for railway upgrade projects

Tamás Mátrai

17 citations0/0 files storedPeriodica Polytechnica Transportation Engineering

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

transportation and logistics systems Capital Investment and Risk Analysis Transport and Economic Policies

Abstract

Infrastructure investments have an important role in a country´s development, but the scarcity of resources in the current economic situation (world crisis) emphasizes the need for decision support tools. Several research projects have previously been carried out in order to improve the currently-used Cost-Benefit Analysis (CBA) methodology. CBA is a widely accepted and used decision support tool, even if it has its own shortcomings and drawbacks. The objective of this work is to assess the current limitations of CBA methodologies applied in Europe using cases in Hungary. It also collects and summarizes the main research and findings in the field of ex-post evaluation. Two Hungarian railway upgrade projects were evaluated economically. The change of CBA methodology had a more significant impact for the economic indicators, than the changes of the input parameters. In addition to the economic analysis, the financial losses were evaluated, since these projects caused significant disturbances for the operations during the construction period. There is a need for more ex-post evaluations carried out in railway upgrade projects in order to better understand their impacts.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 17 citations exist upstream.

References

2002Underestimating Costs in Public Works Projects: Error or Lie?2004Procedures for Dealing with Optimism Bias in Transport Planning: Guidance Document 2004Procedures for dealing with optimism bias in transport planning 2009Assessing travel time reliability in transport appraisal 2011Travel-time reliability impacts on railway passenger demand: a revealed preference analysis

Cited by

2017Forecasting travel time reliability in urban road transpo 2019Analytical framework for ex‐post evaluation of transport projects: Lessons learnt on retrospective CBA 2021Measuring and benchmarking the benefits of Athens metro extension using an ex-post cost benefit analysis 2021Economic Impact of Occurrences on Railways 2023Test Environments to Analyse Methodological Improvements of Cost-benefit Analysis for Transport Interventions 2013Implications of Behavioural Economics for the Transport Sector 2015Development of a land-use and transport interaction model as a part of a policy assessment framework for urban traffic calming 2015Long-Term Upgrade Strategy for Light Rail and Regional Rail

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.