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When to Invest in High-Speed Rail

Author

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  • Christopher Nash

    (University of Leeds)

Abstract

High speed rail (HSR) is usually regarded as services operating at 250 kmph or more, and these invariably require construction of new purpose-built lines. According to the International Union of Railways (UIC), by 2012, a total of 13 000km of such lines had been built worldwide, half in Europe and half in Asia. China had the largest network at 3 426km, whilst Japan, France and Spain all had over 2 000km. There are plans for a further major expansion, with the European Commission calling for a trebling of the kilometrage in Europe by 2030.Yet high speed rail is an enormous investment, with a typical 500km line costing 6-12Bn euros in 2004 prices (Euros 12-24 Bn per km) (de Rus and Nash, 2009). It is necessary to consider very carefully in what circumstances such an outlay is justified.

Suggested Citation

  • Christopher Nash, 2013. "When to Invest in High-Speed Rail," International Transport Forum Discussion Papers 2013/25, OECD Publishing.
    • Handle: RePEc:oec:itfaab:2013/25-en
    DOI: 10.1787/5jz40rrp2w22-en
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    Cited by:

    1. Ofelia Betancor & Gerard Llobet, 2015. "Contabilidad Financiera y Social de la Alta Velocidad en Espana," Studies on the Spanish Economy eee2015-08, FEDEA.
    2. Wu, Jianhong & Nash, Chris & Wang, Dong, 2014. "Is high speed rail an appropriate solution to China’s rail capacity problems?," Journal of Transport Geography, Elsevier, vol. 40(C), pages 100-111.
    3. Vickerman, Roger, 2015. "High-speed rail and regional development: the case of intermediate stations," Journal of Transport Geography, Elsevier, vol. 42(C), pages 157-165.
    4. Mu, Rui & de Jong, Martin & Ma, Yongchi & Xi, Bao, 2015. "Trading off public values in High-Speed Rail development in China," Journal of Transport Geography, Elsevier, vol. 43(C), pages 66-77.

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