Rail System Investment Analysis: Analysis of Investment Projects from the National Economic Perspective

摘要

The study examines the impact of railroad investment projects from the national economic perspective. Evaluation results are presented for 27 sample projects which were taken from nine applications for Title V assistance submitted by railroads to the Federal Railroad Administration. Among the issues addressed by this report are; project evaluation techniques (particularly the internal rate of return); the national economic impacts characteristic of railroad investments; the relationship between rate of return and other project attributes; and the effect of institutional factors on railroad investment decisions.