The Annals of Regional Science

, Volume 31, Issue 2, pp 175–188 | Cite as

Cost-benefit analysis of the high-speed train in Spain

  • Ginés de Rus
  • Vicente Inglada


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.


Life Span Economic Evaluation Discount Rate Public Opinion Regional Development 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1997

Authors and Affiliations

  • Ginés de Rus
    • 1
  • Vicente Inglada
    • 2
  1. 1.Department of Applied Economics, Universidad de Las Palmas de Gran Canaria, Campus de Tafira, E-35017 Las Palmas, SpainES
  2. 2.Ministerio de Fomento, Paseo de la Castellana, 67, E-28071 Madrid, SpainES

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