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Literature Review Template WP2

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					             Literature Review WP2.6

Name of the study            RAILPAG Railway Project Appraisal Guidelines
/project/guideline
Full title (if applicable)   “
Relevant deliverable         “
Publication Year             2005
Partners                     European Commission; European Investment Bank (EIB)
Funded by/prepared for       European Commission; European Investment Bank (EIB)
Project Reference            „RAILPAG‟
Web address                  http://www.railpag.com/


Methodology                  Main focus: e.g. methodological         Appraisal guidance.
- general                    development, application study
                             Type of methodology: e.g.               Socio-economic impact (CBA) for whole society, and for stakeholders (using an „SE Matrix‟).
                             cost-benefit analysis, multi criteria
                             analysis, cost-effectiveness
                             analysis
                             Client and type of client               Type: EIB is an International Financial Institution (IFI), similar to The World Bank.
                             Verification of methodology             Yes – 10 case studies given (http://www.railpag.com/index.php?mod=cstudy&act=view).
                             by case studies (if
                             applicable): yes/no
                             Short description using                 Do-Minimum scenario versus with-project scenario.
                             keywords: e.g. use of scenarios,
                             time horizon, geographical scope
                             Complementary analyses:                 Financial analysis.
                             e.g. sensitivity tests, stakeholder     Simple indicators for non-monetised impacts (colour-coded green for mild effects; yellow for
                             analyses, financial analysis            moderate; and red for those which may have significant weight in the decision).
Input data
- system specific data
                                                   Data 1
(a) Short description of data needed               Multimodal passenger and freight flows, journey times, costs.
(b) Any requirements on the nature of the          Forecast years suitable for the project‟s time horizon.
data (e.g. level of detail, year of collection &
application)
(c) Sources / Collection method                    Demand and network supply models – passenger and freight.
(d) Step in Method where data is used              User Benefit estimation; Operating cost and revenue estimation.
(e) Any other relevant information (e.g.
availability; geographical scope ...)
           Data 2                                                                           Data 3
(a)        Project specific cost data: investment, operation and maintenance.
(b)        Forecast years suitable for the project‟s time horizon.
(c)        Engineering / feasibility study estimates.
(d)        CBA; Financial Analysis.
(e)


Input data
- generic data
                                                   Data 1
(a) Short description of data needed               Cost-benefit values for time savings, safety, emissions, etc.
(b) Any requirements on the nature of the          Suitable for the countries and markets involved, and the appraisal period / time horizon.
data (e.g. level of detail, year of collection &
application)
(c) Sources / Collection method                    RAILPAG Appendix A for Safety and Emissions.
(d) Step in Method where data is used              User Benefit estimation; CBA
(e) Any other relevant information (e.g.
availability; geographical scope ...)
           Data 2                                                                           Data 3
(a)        Economic lifetimes of infrastructure elements.
(b)
(c)         RAILPAG Annex B
(d)         CBA; Financial Analysis
(e)


Methodology                 e.g. Safety Impacts estimation     Investment costs.
- inputs   → outputs        Traffic Flow Impacts estimation    Maintenance and operating costs of the infrastructure.
                            System Costs estimation
                                                               Vehicle operating costs.
                            Market Penetration forecasts
                                                               Journey times.
                            Scaling up to network level
                            Accessibility/Time/Reliability/    Safety – “By convention, safety is treated separately from the other components of user benefits.
                            Comfort/Vehicle Operating Cost     Expected changes in accident rates for the different modes and alternatives are used to estimate
                            estimation                         economic benefits, multiplying them by the relevant unit values per accident and per casualty.
                                                               These values consist of a part usually paid by users through insurance, which is thus internal to
                            Emissions cost estimation
                                                               the transport system, and general expenditure from the public sector and suffering, which are
                            CBA                                externalities.”
                            Stakeholder Analysis:
                            Macroeconomics, Distribution,      Externalities, such as environmental externalities.
                            Financials, Acceptability, etc




Outputs                     e.g. Snapshot Benefits and Costs   ERR, NPV, B/C Ratio
                            Net Present Value
                            Benefit:Cost Ratio                 Stakeholder distribution of effects.
                            Financial rate of return
                            Stakeholder acceptability incl.
                            public
                            GDP
                            Employment change
                            Accessibility indicators
Other data issues        Data quality and validity
                         (information or guidance)
                         Data management
                         Presentation of summary           SE Matrix (appended below)
                         output data / results


Relevant items for FOT   FOT explicitly addressed:         No.
                         yes/no
                         Findings relevant for /           Yes – general framework for socio-economic assessment of rail projects.
                         applicable to FOT, e.g. scaling
                         up procedure
                         Problems encountered              Little detail on safety analysis.


Additional comments
Appendix: SE Matrix




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Appendix: SE Matrix




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