Benefits Of California High Speed Rail
Partly because of the most congested urban areas Californian has one of the worst air qualities. Accorind to California High Speed Rail Authority website in 2010 alone green house gas emissions in the U.S. totaled 6,821.8 million metric tons of carbon dioxide (CO2). Central Valley residents in particular have seen increase in aspiratory ailments. The State Legislature passed Global Worming Solutions Act in 2006, which is aimed to reduce statewide emissions by 2020 to 1990 level (17 %).
High-Speed Rail One of the key parts of the strategy is the reduction of cars on roads by replacing it with high speed railway systems. One of the proposed alternative modes of transportation is among the largest high speed railway systems. The goal of High-Speed …show more content…
In 2022 (due to the delays pushed to 2033), when the Initial Operating Section operation starts, it is expected to see between 100,000 to 300,000 metric tons of CO2 reductions. This is the same as taking 17,700 to 53,000 cars off the roads. By 2040 the estimated total reduction is about 10 million metric tons of CO2. The supporters of this project expect to see a reduction of up to 180 flights a day in air travel as well, eventually leading the state towards more sustainable economy and much less congestion on the ground and in the air (California High-Speed Rail Authority, 2012).
The high speed rail is significantly faster than traveling by car but still slower than traveling by plane. An average ticket will cost $80 to $90.
Assuming all estimates are correct, the costs of the California High Speed Rail make the project a greater financial burden than the Hyperloop. …show more content…
A meta-analysis study conducted by researchers from USC used a 7% discount rate to conduct a cost benefit analysis comparing the two projects. This discount rate is suitable, because it accounts for the high risk and uncertainty that are associated with large-scale transportation endeavors. The costs and benefits were discounted over a 50-year period, which includes construction and projected lifespan for each project. It is also assumed that all costs and benefits will occur at the end of the year (Gasparian and Groves, 2015).
The costs include capital costs for the construction period, lifecycle costs, and operation and maintenance costs. All of the costs for the high-speed rail were obtained directly from the California High-Speed Rail 2012 Business Plan. The construction costs for the Hyperloop were taken from its Alpha proposal. (Oster, Kumada, & Zhang,
High-Speed Rail One of the key parts of the strategy is the reduction of cars on roads by replacing it with high speed railway systems. One of the proposed alternative modes of transportation is among the largest high speed railway systems. The goal of High-Speed …show more content…
In 2022 (due to the delays pushed to 2033), when the Initial Operating Section operation starts, it is expected to see between 100,000 to 300,000 metric tons of CO2 reductions. This is the same as taking 17,700 to 53,000 cars off the roads. By 2040 the estimated total reduction is about 10 million metric tons of CO2. The supporters of this project expect to see a reduction of up to 180 flights a day in air travel as well, eventually leading the state towards more sustainable economy and much less congestion on the ground and in the air (California High-Speed Rail Authority, 2012).
The high speed rail is significantly faster than traveling by car but still slower than traveling by plane. An average ticket will cost $80 to $90.
Assuming all estimates are correct, the costs of the California High Speed Rail make the project a greater financial burden than the Hyperloop. …show more content…
A meta-analysis study conducted by researchers from USC used a 7% discount rate to conduct a cost benefit analysis comparing the two projects. This discount rate is suitable, because it accounts for the high risk and uncertainty that are associated with large-scale transportation endeavors. The costs and benefits were discounted over a 50-year period, which includes construction and projected lifespan for each project. It is also assumed that all costs and benefits will occur at the end of the year (Gasparian and Groves, 2015).
The costs include capital costs for the construction period, lifecycle costs, and operation and maintenance costs. All of the costs for the high-speed rail were obtained directly from the California High-Speed Rail 2012 Business Plan. The construction costs for the Hyperloop were taken from its Alpha proposal. (Oster, Kumada, & Zhang,