ECONOMIC ASSESSMENT OF CABTRACK IN CENTRAL LONDON
An economic assessment has been made of four hypothetical Cabtrack systems in central London, including evaluation of social benefits. The most worthwhile system covers the City, West End, Victoria, Waterloo, Euston, Liverpool Street and Fenchurch Street, costs 47M to 67M pounds sterling to install and gives social returns of 9% to 12% with an average load of 1.5 passengers/cab to 17% to 22% with 2.35 passengers/cab. A larger system covering the whole Central Area would cost 82M to 134M pounds sterling, would carry about 35% more traffic and give social returns 2% to 4% lower than the small network. With a 75% capital grant the small network has sufficient surplus revenue to compensate LTE for losses due to the introduction of Cabtrack.
Royal Aircraft EstablishmentStructures Department
Farnborough, Hampshire, England
- Mitchell, CGB
- Publication Date: 1972-5
- Pagination: 79 p.
- TRT Terms: Benefit cost analysis; Economic conditions; Economic impacts; Intelligent transportation systems; Personal rapid transit; Ridership; Socioeconomic factors; Urban transportation
- Old TRIS Terms: Advanced systems; Cabtrack; Cabtrack system
- Subject Areas: Economics; Operations and Traffic Management; Railroads; Society;
- Accession Number: 00057923
- Record Type: Publication
- Source Agency: National Technical Information Service
- Report/Paper Numbers: RAE-TR-72040 Tech. Rpt.
- Files: TRIS
- Created Date: Nov 12 1974 12:00AM