Abstract.
The high-speed train is a technological break-through in passenger transport which has allowed to increase railways share in modal split in medium range distances, competing with road and air transport. The first high-speed link in Spain was launched in April 1992, with high success according to occupancy rates and public opinion of its quality, safety and impact on regional development. The Madrid-Sevilla corridor includes several routes (commuting, long-distance and services provided using high-speed infrastructure but with Talgo technology). In this paper, an ex post cost-benefit analysis is carried out from demand and cost data available and under several assumptions about the life span of the project, growth hypothesis, time and accident values, and with a social discount rate of 6% in real terms. Economic evaluation of the project shows that the Spanish high-speed train project should have not been carried out in 1987 in that particular corridor.
Similar content being viewed by others
Author information
Authors and Affiliations
Additional information
Received: July 1996 / Accepted: January 1997
Rights and permissions
About this article
Cite this article
de Rus, G., Inglada, V. Cost-benefit analysis of the high-speed train in Spain. Ann Reg Sci 31, 175–188 (1997). https://doi.org/10.1007/s001680050044
Issue Date:
DOI: https://doi.org/10.1007/s001680050044