Using multidimensional Cost-Effectiveness Analysis (CEA) to prioritize urban rail investments: a framework and case study in Italy
On September 9th, Alessandro Vacca, Project Manager at Systematica and Pierluigi Coppola, Professor at the Politecnico di Milano, will present the paper “Using multidimensional Cost-Effectiveness Analysis to prioritize urban rail investments: a framework and case study in Italy” at the UNECE Workshop on Economic Analysis of the Transformation of Urban Transport Systems in conjunction with the UNECE Working Party on Transport Trends and Economics (WP.5) in Geneva.
The project consists of an assessment framework based on Cost-Effectiveness Analysis (CEA) which aims to prioritize investments at railway stations for improving accessibility, safety and security, environmental sustainability and architectural quality. A description of the methodology for estimating the selected KPI’s for each of the identified assessment dimensions, and an application of the pilot case study for the Frosinone railway station will be presented.
The evaluation tool is an analytical response to the massive investment program on the railway infrastructure recently launched in Italy by the national railway company, Rete Ferroviaria Italiana (RFI), which includes investments for revamping a large number of medium/large stations scattered across the Country.
With more than 2,200 stations throughout the national territory and more than 1.5 billion of annual passengers, RFI’s program has identified the first set of top-priority stations, which amount to 600, due to be refurbished by 2026.
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Image is courtesy of RFI