This study has two distinct but related purposes. The first is project reappraisal. To assess the economic benefits and costs of the rehabilitation program of the State Railway of Thailand financed with World Bank Loan 280-TH of 1961 after its implementation, compare them with the benefits and costs estimated at the time of the appraisal, and identify the factors responsible for the differences. The second is model evaluation. To test and improve the Transport Simulation Model developed by a study team at Harvard University and assess its usefulness as a tool for investment analysis. The study concluded that the railway rehabilitation program was well conceived and moderately successful, having an ex-post return of 13 percent but implementation was considerably delayed. It also concluded that our adapted version of the Rail Simulation Model (part of the Transport Model) should prove readily applicable to rail investment analysis in other developing countries. However, much more research is needed to make transport network models useful for the study of intermodal competition.

  • Corporate Authors:

    World Bank

    1818 H Street, NW
    Washington, DC  United States  20433
  • Authors:
    • Israel, A
  • Publication Date: 1972-7

Media Info

  • Features: Appendices; Figures; Tables;
  • Pagination: 170 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00131004
  • Record Type: Publication
  • Source Agency: World Bank
  • Report/Paper Numbers: Paper No. 132
  • Files: TRIS
  • Created Date: Apr 21 1976 12:00AM