The future of interurban public transport will be significantly affected by public sector decisions concerning investment in infrastructure, particularly the construction of new high-speed rail lines in medium-distance corridors where cars, buses, airplanes and conventional trains are the competing modes of transport. The distribution of traffic between the alternative modes of transport depends on the generalized prices, which fundamentally consist of costs, time and government’s pricing decisions. High-speed rail investment, financed by national governments and supranational institutions such as the European Union (EU), has drastically changed the previous equilibrium in the affected corridors. This paper discusses the economic rationale for allocating public money to the construction of high-speed rail infrastructure and how the present institutional design affects the selection of projects by national and regional governments, with deep long-term effects in these corridors and beyond. -- infrastructure ; incentives ; project evaluation ; high speed rail ; intermodal competition


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    Title :

    Interurban passenger transport : economic assessment of major infrastructure projects


    Contributors:
    Rus, Ginés (author)


    Publication date :

    2009


    Size :

    Online-Ressource (25 S.)


    Remarks:

    graph. Darst.
    Campusweiter Zugriff (Universität Hannover) - Vervielfältigungen (z.B. Kopien, Downloads) sind nur von einzelnen Kapiteln oder Seiten und nur zum eigenen wissenschaftlichen Gebrauch erlaubt. Keine Weitergabe an Dritte. Kein systematisches Downloaden durch Robots.
    Literaturverz. S. 23 - 24



    Type of media :

    Book


    Type of material :

    Electronic Resource


    Language :

    English




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