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CBA Results of CPK Railway Program with Modulated Methodologies

In: Socioeconomic Impacts of High-Speed Rail Systems

Author

Listed:
  • Joanna Archutowska

    (Warsaw School of Economics
    Centralny Port Komunikacyjny)

Abstract

Cost–benefit analysis (CBA) lacks the formal nature often associated with financial analysis. In Europe, CBA typically adheres to a predefined methodology set forth by the European Commission, specifically for the purpose of applying for EU funding. However, when used internally by project promoters or for national transport policy purposes, the CBA scope may extend beyond the Commission’s recommendations. This is particularly true since additional effects can be calculated using existing methodologies. Using an example of one of the HS rail projects developed by CPK in Poland, based on the standardized CPK CBA Model, multiple simulations of the CBA results were carried out, incorporating various assumptions, methodologies, and a range of effects considered in the analysis. The simulations are of different nature than a standardised sensitivity analysis. Conclusion had been drafted as to the observed changes in the CBA results.

Suggested Citation

  • Joanna Archutowska, 2024. "CBA Results of CPK Railway Program with Modulated Methodologies," Springer Proceedings in Business and Economics, in: Francesca Pagliara (ed.), Socioeconomic Impacts of High-Speed Rail Systems, pages 425-442, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-53684-7_20
    DOI: 10.1007/978-3-031-53684-7_20
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