External costs and evaluation of major track upgrading projects
For many years, major road upgrades have been assessed using external benefits such as vehicle travel time savings, lower vehicle operating costs and road safety benefits. This results in a much higher benefit cost ratio than if only financial benefits to the relevant road authority were used. External costs were also used in the National Track Audit released by the Australian Rail Track Corporation (ARTC) in 2001. This paper in part examines land freight transport external costs used in the Track Audit and reports on a study for Queensland Transport, which gives updated estimates of some of these costs. The paper also considers savings to train operators and the track owner resulting from major track upgrades that were addressed in a further study for Queensland Transport. As an example, estimates of savings to train operators and the track owner along with reductions of external costs are discussed in the context of track upgrading between Landsborough and Townsville in Queensland, and of a potential major Bowning - Cootamundra rail deviation in New South Wales.
- Record URL:
- Laird P
- Publication Date: 2003
- Pagination: 16p.
- Monograph Title: AusRAIL PLUS 2003, investing in Australian rail - strategies and solutions, 17-19 November 2003, Sydney, NSW, Australia
- TRT Terms: Benefit cost analysis; Rail (Railroads)
- ATRI Terms: Cost benefit analysis; Improvement; Railway track
- Subject Areas: Finance; Railroads;
- Accession Number: 01516969
- Record Type: Publication
- Source Agency: ARRB
- Files: ATRI
- Created Date: Mar 4 2014 8:01PM