文章基本信息

标题：Cost-Benefit Analysis of High-Speed Rail Link between Hong Kong and Mainland China
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作者：Tao, R. ; Tao, R. ; Liu, S. 等
期刊名称：Journal of Engineering, Project, and Production Management
印刷版ISSN：2221-6529
电子版ISSN：2223-8379
出版年度：2011
卷号：1
期号：1
页码：36-45
语种：English
出版社：Association of Engineering, Project, and Production Management
摘要：The Legislative Council in Hong Kong has approved a funding of USD$8.60 billion to build the high-speed rail (HSR) line linking mainland China. HSR is a break-through technology that allows trains running at a speed over 250 km per hour. The most controversial part of the HSR investment is whether its cost could be compensated by the social benefits. In this study, a cost-benefit analysis of the Hong Kong to mainland HSR (HKM-HSR) line is carried out. First, all the direct and indirect costs, and social benefits are defined; then, monetary equivalents are assigned to these elements; third, all the future values are discounted into present values and aggregated. The results show that the project has a positive net present value (NPV) up to USD$2,068.49 million, which proves that the investment is worth. In addition, other transport alternatives, i.e. the existing roadway and conventional railway, are examined and compared with HKM-HSR, which unveils that HSR has the largest positive NPV among these three passenger transportation modes because of its excellent performance in ticket revenue, travel time savings and safety improvement.
关键词：High-speed rail; transport alternatives; cost-benefit analysis; net present value