Cost benefit analysis of high speed rail infrastructure
This working-paper presents a cost-benefit analysis of the construction of the railway section. The cost-benefit analysis (CBA) closely followed the guidelines for project evaluation that have been worked out by a number of economic research institutes within the OEEI project (CPB/NEI, 2000).
The economic effects of this project appear to be rather small. This is due mainly to the limited savings in travel time. As a result, a new railway seems to be unprofitable in the circumstances analysed. The base-case, or no-build option, is preferable. In the base-case, many benefits can be reaped when high-speed rolling stock is used on conventional track.