Bringing World-Class High-Speed Rail to America: Special General Session, 12th Annual Transportation and Infrastructure Summit, MTI S-09-04

The 12th Annual Transportation & Infrastructure Summit, held in Irving, Texas on August 11?14, 2009, provided more than 1,100 attendees from 30 states and 13 countries the opportunity to network and interact with elected representatives and influential transportation officials from the United States, and to learn about transportation systems on a global scale. The special session, Bringing World-Class High-Speed Rail to America, featured representatives from three proposed regional high-speed rail projects currently planned for the United States. Majority Whip of the California State Assembly Fiona Ma shared information about California´s High-Speed Rail Initiative. Assemblywoman Ma talked about her experience on France´s record-breaking TGV train and her vision for bringing a similar system to California. Rick Harnish, executive director for the Midwest High-Speed Rail Association discussed how regional initiatives were working toward improving current Midwestern rail corridors and upgrading to high-speed levels to increase mobility. Robert Eckels, chair of the Texas High-Speed Rail and Transportation Corporation, shared his organization´s vision and details of Texas´ T-Bone high-speed rail project

High-Speed Rail: The Wrong Road for America

In the face of high energy prices and concerns about global warming, environmentalists and planners offer high-speed rail as an environmentally friendly alternative to driving and air travel. California, Florida, the Midwest, and other parts of the country are actively considering specific high-speed rail plans. Close scrutiny of these plans reveals that they do not live up to the hype. As attractive as 110-to 220-mile-per-hour trains might sound, even the most optimistic forecasts predict they will take few cars off the road. At best, they will replace for profit private commuter airlines with heavily subsidized public rail systems that are likely to require continued subsidies far into the future. Nor are high-speed rail lines particularly environmentally friendly. Planners have predicted that a proposed line in Florida would use more energy and emit more of some pollutants than all of the cars it would take off the road. California planners forecast that high-speed rail would reduce pollutionand greenhouse gas emissions by amere 0.7 to 1.5 percent -- but only if ridership reached the high end of projected levels. Lower ridership would nullify energy savings and pollution reductions. These assessments are confirmed by the actual experience of high-speed rail lines in Japan and Europe. Since Japan introduced high-speed bullet trains, passenger rail has lost more than half its market share to the automobile. Since Italy, France, and other European countries opened their high-speed rail lines, rail's market share in Europe has dwindled from 8.2 to 5.8 percent of travel. If high-speed rail doesn't work in Japan and Europe, how can it work in the United States? As megaprojects -- the California high-speed rail is projected to cost $33 to$37 billion -- high-speed rail plans pose serious risks for taxpayers. Costs of recent rail projects in Denver and Seattle are running 60 to 100 percent above projections. Once construction begins, politicians will feel obligated to throw good taxpayers' money after bad. Once projects are completed , most plans call for them to be turned over to private companies that will keep any operational profits,while taxpayers will remain vulnerable if the trains lose money. In short, high-speed rail proposals are high cost, high-risk megaprojects that promise little or no congestion relief, energy savings, or other environmental benefits. Taxpayers and politicians should be wary of any transportation projects that cannot be paid for out of user fees

High speed rail transport valuation

The present paper investigates the optimal timing of investment for a high speed rail (HSR) project, in an uncertain environment, using a real options analysis (ROA) framework. It develops a continuous time framework with stochastic demand that allows for the determination of the optimal timing of investment and the value of the option to defer in the overall valuation of the project. The modelling approach used is based on the differential utility provided to railway users by the HSR service.info:eu-repo/semantics/publishedVersio

High speed rail transport valuation

The present paper investigates the optimal timing of investment for a high speed rail (HSR) project, in an uncertain environment, using a real options analysis (ROA) framework. It develops a continuous time framework with stochastic demand that allows for the determination of the optimal timing of investment and the value of the option to defer in the overall valuation of the project. The modelling approach used is based on the differential utility provided to railway users by the HSR service.info:eu-repo/semantics/publishedVersio

The Case for High Speed Rail

There is currently a wave of high speed rail proposals sweeping through Europe, amounting to some 7000 route kilometres of new construction and 8000 of upgraded track and costing of the order of 58 billion ecu (in 1985 prices). There is therefore an urgent need for a careful assessment of the costs and benefits, both of the network as a whole and of the individual component parts of it. The principal benefits of high speed rail are taken to be the revenue, traffic and time savings it generates; relief of congestion , accidents and environmental effects of other modes of transport and its alleged local and regional development benefits. Clearly many of these benefits depend on how far it really does divert traffic from these modes as opposed to generating totally new trips. At the same time, high speed rail schemes have significant environmental costs. Evidence on all of these issues is examined, and it is concluded that the evidence for environmental and development benefits is limited, although in the former case in particular much depends on the exact circumstances. Given the wide variety of options in terms of speeds and mix of upgrading versus new construction, careful appraisal is very important, and a traditional transport cost-benefit analysis and environmental impact assessment appear well equipped to capture the main costs and benefits. The conclusion is that there is likely to be a good case for a core network linking the major cities of Western Europe in the middle distance range, but beyond that, upgrading of existing infrastructure and development of new technology may provide a more cost-effective solution

High-Speed Rail and Equine Issues

Community concerns have been raised about the possible negative impacts of high-speed rail (HSR) service on equestrian areas. Although much is known about the impact of aircraft noise on wild and domestic animals, relatively little information is available on the potential impact of HSR service on equine populations. This study will explore possible conflicts between HSR construction and operations in areas used for equestrian ranching, recreation, and related activities, and identify geographic areas where such conflicts could occur

High speed rail

Last week Network Rail made its business case for a new high speed line. Greengauge 21 will follow shortly, while HS2 will report next year

A Comparative Analysis of High-Speed Rail Station Development into Destination and Multi-Use Facilities: The Case of San Jose Diridon

As a burgeoning literature on high-speed rail development indicates, good station-area planning is a very important prerequisite for the eventual successful operation of a high-speed rail station; it can also trigger opportunities for economic development in the station area and the station-city. At the same time, “on the ground” experiences from international examples of high-speed rail stations can provide valuable lessons for the California high-speed rail system in general, and the San Jose Diridon station in particular. This study identifies and draws lessons from European HSR stations that share similarities across several criteria with the San Jose area context. From an initial consideration of twenty European HSR stations, the researchers chose five stations for in depth case studies: Euralille and Lyon Part Dieu in France, Rotterdam Centraal and Utrecht Centraal in the Netherlands, and Torino Porta Susa in Italy. Additionally, the study drew information from relevant local actors and stakeholders to better tailor recommendations to the particular California context.Through the undertaking of different research tasks–literature review, case studies of European railway stations, survey of existing station plans and other planning documents for the Diridon station, station area analysis, and interviews with station area planners and designers–the study compiles timely recommendations for the successful planning of the Diridon station and other stations along the California high-speed rail corridor

The case for high speed rail to the three cities: final report

This report has been commissioned by the East Midlands Development Agency (emda) to provide evidence on the case for the Three Cities of the East Midlands, Derby, Leicester and Nottingham to be part of a UK high speed rail network. This report outlines the economic benefits of the introduction of a high speed rail link serving the Three Cities, coupled with upgrades to the existing lines, to form a coherent strategy for the rail network over the next 20 to 30 years