Dreams Should (Not) Come True - What Can We Learn from Asian Experience in the Construction of High-Speed Train Network?

18 Pages Posted: 14 Nov 2009  

Kenichi Hodota

affiliation not provided to SSRN

Mariko Utsunomiya

East Japan Railway

Date Written: June 15, 2009

Abstract

A serious interest in high speed train has been increasing all over the world. However, recent experiences in Asian countries show that high speed rail projects are not financially viable even in areas seemingly favorable to rail operations. Considering the existing intensive highway and airline network, putting public subsidies to high speed rail projects are barely justifiable from a purely economic point of view.

What is required of any government which contemplates high speed rail construction as a policy option is to show taxpayers the cost/revenues difference between constructing a high speed rail line and expanding a capacity of other means, before crossing the Rubicon.

Keywords: high speed rail, Shinkansen, project evaluation

JEL Classification: L92, R42

Suggested Citation

Hodota, Kenichi and Utsunomiya, Mariko, Dreams Should (Not) Come True - What Can We Learn from Asian Experience in the Construction of High-Speed Train Network? (June 15, 2009). Available at SSRN: https://ssrn.com/abstract=1486110 or http://dx.doi.org/10.2139/ssrn.1486110

Kenichi Hodota

affiliation not provided to SSRN ( email )

Mariko Utsunomiya (Contact Author)

East Japan Railway ( email )

2-2-2 Yoyogi, Shibuya-ku
Tokyo, 151-8578
Japan

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