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A Stylised Cost-Benefit Model for the Choice Between Bus and Light Rail

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  • Raffaele Grimaldi
  • Paolo Beria
  • Antonio Laurino

Abstract

In the last 20 years light rail schemes have been introduced in many European cities. Previous studies indicate the benefits of these schemes seem to have been sometimes overestimated. This paper tries to understand the circumstances in which light rail schemes can be truly worthwhile compared to bus systems, by developing a simplified cost-benefit model. The proposed methodology is suitable for the early appraisal of any new urban light rail line and can be used specifically for comparative purposes. The paper finishes with some investment threshold nomograms and an application ex-post to a new tram line built in Italy. © 2014 LSE and the University of Bath

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  • Raffaele Grimaldi & Paolo Beria & Antonio Laurino, 2014. "A Stylised Cost-Benefit Model for the Choice Between Bus and Light Rail," Journal of Transport Economics and Policy, University of Bath, vol. 48(2), pages 219-239, May.
    • Handle: RePEc:tpe:jtecpo:v:48:y:2014:i:2:p:219-239
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