Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1065237 | Transport Policy | 2012 | 7 Pages |
This paper presents the cost-benefit methodology used in the appraisal of railway infrastructure in Norway, Sweden, Denmark, the UK, France, Germany and Switzerland. The consequences of differences in methodology are illustrated by a case-study undertaken with the methodology from each of the seven countries. Differences in methodology means that results from the analyses are far from similar. The case project has a positive net present value based on Swiss and British methodology, but negative net present value using methodology from any of the other five countries.
► A railway project is analysed using the appraisal methodology of seven countries. ► The countries are Norway, Sweden, Denmark, the UK, France, Germany and Switzerland. ► The project has a positive net present value based on Swiss and British methodology. ► The project has negative net present value using methodology from the other five countries.