The Price of Rail Infrastructure – Methods for Determining the Value of Railway Lines and Networks

This paper describes how one of the most important questions when dealing with infrastructure user charges is the financial background of the owner of the assets. User charges are often calculated with the use of capital costs. Investors seek an appropriate rate of return on employed capital. The owner’s capital costs are determined by the value of the infrastructure. There are still a lot of difficulties to compute the “real” value, especially of used infrastructure. The reason for the problem is the lack of a market for used/existing rail infrastructure. The objective of this paper is to detect methodologies for valuation of used/existing rail infrastructure. Furthermore, the paper shows some figures for the value of rail infrastructure in Germany, Great Britain, and the Unites States of America. Until now, there are three main possibilities used to calculate the value of transport infrastructure: construction costs, economic-analyzing methods and synthetic-scientific methods. The paper tries to find out the value for different kind of (rail) infrastructure by analyzing: (1) the appropriate measures for calculating the value of rail infrastructure; and (2) the values and prices for existing rail infrastructure in different countries.

Language

  • English

Media Info

  • Media Type: Print
  • Edition: First Edition
  • Features: Figures; References; Tables;
  • Pagination: pp 605-624
  • Monograph Title: Competition and Ownership in Land Transport Passenger Transport

Subject/Index Terms

Filing Info

  • Accession Number: 01051380
  • Record Type: Publication
  • ISBN: 9780080450957
  • Files: TRIS
  • Created Date: Jun 11 2007 10:36AM