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Evaluation of High-Speed Rail Program Should Consider Wider Economic Benefits

World Bank – “According to the paper titled High-Speed Rail, Regional Economics, and Urban Development in China, there is an emerging consensus that major transport investments may have significant impacts that are not well captured through conventional cost-benefit analysis. Conventional economic evaluations of major transport infrastructure investments tend to focus on the direct costs and benefits arising from travel, including time savings for travelers, cost savings for operators, and reductions in aspects like air pollution, noise, and accidents.”

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