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Access-based cost-benefit analysis

Author

Listed:
  • Mann, Isaac
  • Levinson, David M.

Abstract

Current methods of cost-benefit analysis (CBA) for transport investments rely on travel-time savings for potential users. This approach presents a consistent and significant historical trend of forecast inaccuracy, and thus has been questioned and criticized. Access, or the ease of reaching valued destinations, can be used as an alternative. Access features a strong correlation with land value which can be measured through hedonic analysis, and subsequently, access gains offered by a transport initiative can be monetised via property uplift. We test this hypothesis and evaluate Sydney's South West Metro Link (SWML).

Suggested Citation

  • Mann, Isaac & Levinson, David M., 2024. "Access-based cost-benefit analysis," Journal of Transport Geography, Elsevier, vol. 119(C).
    • Handle: RePEc:eee:jotrge:v:119:y:2024:i:c:s0966692324001613
    DOI: 10.1016/j.jtrangeo.2024.103952
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