While we have an unprecedented pipeline of rail investment in Australia, it can still be difficult to justify rail investment on economic grounds through the Government business case process.
Valuing the Real Impacts of Rail is the latest bulletin from Frontier Economics and explores why this problem arises and considers a broader economic narrative that should underpin most urban heavy rail investment. This bulletin also outlines the importance of carrying forward a base case from the planning phase to post-completion evaluation in order to robustly observe the marginal impact of a rail project and strengthen the evidence base.
A previous bulletin on Value Capture looked at addressing the broader infrastructure needs and aspirations of Australia through alternative methods of funding.