Assessment of Social Effects Generated by Railways
https://doi.org/10.30932/1992-3252-2022-20-4-3
Abstract
Currently, the efficiency of transport systems, both at national level and while developing regional and interregional trade and cooperation links, is considered to be among most important factors for successful and sustainable economic development.
The enhancement of transport systems in many cases implies implementation of large infrastructure projects, supposing major investment and generating a series of economic and social effects. And if a few studies have already been devoted to the economic impact, the social sphere has not yet received due attention.
The paper refers to an attempt to fill this gap. The scope of the study regards passenger rail transport that has being dynamically developed in many countries and that is paid much attention in strategic documents on development of transport industry in the Russian Federation.
The objective of the study is to identify the positive and negative effects generated by projects for development of railways, and to propose approaches to their quantitative measurement.
The methods engaged in the study comprise the analysis of academic sources and methodological materials already developed abroad and in Russia, as well as relevant regulatory documents, including the methodology for assessing the socio-economic effects of transport infrastructure construction projects. This made it possible to systematise the existing social effects of railway transport into groups.
The shown examples of monetary assessment of these effects are based on the best foreign practices. The results could be useful to the investors and the public administration for making decisions on funding, as well as for evaluating the effectiveness of transport projects, which could ultimately allow to save budget funds, increase the return on investment and solve several social problems.
About the Author
I. V. Solntsev
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Solntsev, Ilya V., D.Sc. (Economics), Chief Researcher, Department of Management and Innovation
Moscow
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For citations:
Solntsev I.V. Assessment of Social Effects Generated by Railways. World of Transport and Transportation. 2022;20(4):28-38. https://doi.org/10.30932/1992-3252-2022-20-4-3
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