Grimaldi, Raffaele and Laurino, Antonio and Beria, Paolo (2010): The choice between bus and light rail transit: a stylised cost-benefit analysis model.
Download (900Kb) | Preview
In the last 20 years light rail and tramway schemes have been introduced in many European cities. The effects of these schemes over public transport patronage, and the benefits they have generated, seem to have sometimes been overestimated. The availability of some experiences helps in deriving some reflections about the circumstances in which light rail schemes can be truly convenient compared to bus systems. This paper tries to give a contribution by developing a simplified model to support the choice between keeping a bus corridor or upgrading towards a light rail system. The choice is analysed on the basis of a parametrical socio-economic cost-benefit analysis. All the parameters introduced and used for a numerical simulation are discussed and some typical values from the literature are given. On the basis of these values, some feasibility abaci are drawn.
|Item Type:||MPRA Paper|
|Original Title:||The choice between bus and light rail transit: a stylised cost-benefit analysis model|
|Keywords:||cost-benefit analysis; bus; tram; light rail; transit; public transport|
|Subjects:||H - Public Economics > H5 - National Government Expenditures and Related Policies > H54 - Infrastructures; Other Public Investment and Capital Stock
L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L92 - Railroads and Other Surface Transportation
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Systems > R42 - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency; Cost-Benefit Analysis
|Depositing User:||Paolo Beria|
|Date Deposited:||10. Sep 2010 17:33|
|Last Modified:||13. Feb 2014 18:32|
Balcombe et al. (2004), The demand for public transport: a practical guide, TRL Report, Crowthorne (UK)
Baumgartner J. P. (2001), Prices and costs in the railways sector, Laboratoire d’Intermodalité des Trasports et de Planification, École Polytechnique Fédérale de Lausanne, Losanne (CH)
Bottoms G. D. (2003), =Continuing Developments in Light Rail Transit in Western Europe. United Kingdom, France, Spain, Portugal, and Italy”, Transportation Research E-Circular, p. 713-728, Transportation Research Board, Washington, DC (USA).
de Rus G., Nash, C. A. (2007), In what circumstances is investment in HSR worthwhile?, Institute for Transport Studies, University of Leeds (UK).
de Rus J., Nombela G. (2007), “Is Investment in High Speed Rail Socially Profitable?”, Journal of Transport Economics and Policy, Vol. 41, Part 1, 3 - 23.
DfT (2010), Transport Analysis Guidance – WebTAG, Department for Transport, London (UK).
DG REGIO (2008), Guide to Cost Benefit Analysis of investment Projects, Directorate General Regional Policy, European Commission.
Henry, L., Litman, T. A. (2006), Evaluating New Start Transit Program Performance, Comparing Rail And Bus, Victoria Transport Policy Institute, website: www.vtpi.org, Victoria, BC, Canada.
Hensher, D. A. (1999), “A bus-based transitway or light rail? Continuing the saga on choice versus blind commitment”, Road & Transport Research, Vol 8, No 3, September 1999.
INFRAS-IWW (2004), External costs of transport, Update study, Final Report, Zurich/Karlsruhe (CH/D)
Knowles, R. D.(2007), “What future for light rail in the UK after Ten Year Transport Plan targets are scrapper?”, Transport Policy, 14 (2007), pp. 81-93, Elsevier
Litman, T. A. (2010), Evaluating Public Transport Benefits and Costs, Best Practices Guidebook, Victoria Transport Policy Institute, website: www.vtpi.org, Victoria, BC, Canada.
NAO (2004), Improving public transport in England through light rail, National Audit Office, Report by the comptroller and auditor general, HC 518 Session 2003-2004:23 April 2004, Ordered by the House of Commons, London (UK)
Nair, P. and Kumar, D. (2005), “Transformation in Road Transport System in Bogota: An Overview”, The ICFAI Journal of Infrastructure, September 2005
Pinheiro, C. (2005), “Curitiba, una experiencia continua en soluciones de transporte”, The European Journal of Planning
Rathwell, S. and Schijns, S. (2002), “Ottawa and Brisbane: comparing a mature busway system”, Journal of Public Transportation, Volume 5, n. 2, pp. 163 - 182.
TfL (2004), West London Tram Project (WLT), Board Paper presented at the Board Meeting Agenda hold on 29th April 2004 in the Chamber, City Hall of London (UK).
SDG (2005), What light rail can do for cities, A Review of the Evidence, Final Report, Steer Davies Gleave, Prepared for PTEG – Passenger Transport Executive Group, London (UK)
Short, J. And Kopp, A. (2005),”Transport infrastructure: Investment and planning. Policy and research aspects”, Transport Policy, volume 12, issue 4, pp. 360 – 367.