Open AccessStandardised Evaluation of Shanghai-Hangzhou High-Speed Maglev Project
Author(s) -
Yong Cui,
Stefan Tritschler,
Ullrich Martin,
Mo Fan
Publication year - 2019
Publication title -
promet
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.315
H-Index - 19
eISSN - 1848-4069
pISSN - 0353-5320
DOI - 10.7307/ptt.v31i4.3113
Subject(s) - maglev , obstacle , profitability index , work (physics) , computer science , operations research , business , engineering , political science , mechanical engineering , finance , law , electrical engineering
In recent years, high-speed maglev systems have received renewed attention once again. However, a systematic and transparent approach to evaluate high-speed maglev projects does not currently exist, which could be an obstacle for their application, even with technical success. In Germany, the Standardised Evaluation is applied as a basis for decision making regarding the public funding of projects. It should be implemented for all investments of urban public transport projects with a value of more than € 25 million. In this paper, the economic evaluation for the Shanghai-Hangzhou maglev project is carried out with the Standardised Evaluation. One of the most important contributions of this work is to demonstrate the applicability of Standardised Evaluation for high-speed maglev projects. With the Standardised Evaluation, the evidence of macroand microeconomic benefit can be presented in a transparent and systematic way. The result can be used to prove the project’s profitability and to rank different projects or project alternatives.