Work

Comparing Investments in New Transport Infrastructure: Roads versus Railways?

Year: 2003

Type: article

Abstract: This paper contributes to the debate on investment in transport infrastructure and the allocation of public funds between road and railway projects. We model the two options and provide a consistent framework to appraise investment in typical new inter–urban road and rail projects. Our results suggest that road improvements have substantially higher returns than railway schemes. These findings cast doubt on the rationale of the new transport policy for the UK, which proposes to allocate more public funds to the (private) railways than total new investment in strategic roads.

Source: Fiscal Studies

DOI: 10.1111/j.1475-5890.2003.tb00085.x

Authors: Luisa Affuso, Julien Masson, David Newbery

Institutions: London Business School, École Polytechnique, University of Cambridge

Language: English

Topic: Transport and Economic Policies

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Sustainable cities and communities

Open Access status: bronze

OpenAlex ID: W2029324546

FWCI: 3.893

Cites: 11

Cited by: 28

Related to: 10