OECD/ITF Joint Transport Research Centre Discussion Papers

ISSN: 
2070-8270 (online)
http://dx.doi.org/10.1787/20708270
Hide / Show Abstract
The International Transport Forum at the OECD is an intergovernmental organisation with 52 member countries. It acts as a strategic think tank for transport policy and organizes an annual summit of ministers. Our work is underpinned by economic research, statistics collection and policy analysis, often undertaken in collaboration with many of the world's leading research figures in academia, business and government. This series of Discussion Papers is intended to disseminate the International Transport Forum’s research findings rapidly among specialists in the field concerned.
 

Interurban Passenger Transport

Economic Assessment of Major Infrastructure Projects You or your institution have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/5kmmr3d2878v-en.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/transport/interurban-passenger-transport_5kmmr3d2878v-en
  • READ
Author(s):
Ginés de Rus1
Author Affiliations
  • 1: University of Las Palmas, Spain

01 Dec 2009
Bibliographic information
No:
2009/18
Pages:
25
http://dx.doi.org/10.1787/5kmmr3d2878v-en

Hide / Show Abstract

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.
Keywords:
incentives, intermodal competition, high speed rail, infrastructure, project evaluation
 
Visit the OECD web site