Infrastructure pricing models for new high-speed railway corridors in Europe: Pricing model development for the Lisbon-Madrid High-Speed line EVALUATED
European Commission Directive 2001/14/EC defines how tariff systems must be set up and what pricing policies are acceptable. Most new high-speed rail lines attempt to recover at least a part of their initial investment costs. On the Iberian Peninsula some high-speed rail lines are in operation and many more are in various stages of planning and construction. The proposed Lisbon-Madrid high-speed line is expected to commence operations in 2017. After examining tariff systems of key Western European countries, this thesis analyzes operational characteristics of the proposed line, performs a financial analysis, determining the amount of recoverable funds, and develops a tariff system that considers the line?s specificities. This study first applies existing European tariff systems to passenger and freight demand projections in order to see what systems are more applicable to the proposed line, and to benchmark recovery of initial investment costs. Belgian, Dutch, French, and German systems contain relevant tariff structure components that could be applied in a new tariff structure for the proposed line. The document then estimates the project?s NPV. The thesis concludes that the line is able to pay its maintenance costs during the 40-year operation. The thesis proposes a tariff structure, including two innovative tariff concepts, where the operator would be charged for a part of the tariff in passenger-kilometers, with rates depending on the origins and destinations of passengers. Finally, the study concludes with a tariff model application and general observations.
Julho 6, 2011, 11:0
Obra sujeita a Direitos de Autor