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Light rail transit cost performance: opportunities for future-proofing

Love, Peter E.D., Ahiaga-Dagbui, Dominic, Welde, Morten and Odeck, James 2017, Light rail transit cost performance: opportunities for future-proofing, Transportation research part A: policy and practice, vol. 100, no. 2017, pp. 27-39, doi: 10.1016/j.tra.2017.04.002.

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Title Light rail transit cost performance: opportunities for future-proofing
Author(s) Love, Peter E.D.
Ahiaga-Dagbui, DominicORCID iD for Ahiaga-Dagbui, Dominic orcid.org/0000-0003-4236-9191
Welde, Morten
Odeck, James
Journal name Transportation research part A: policy and practice
Volume number 100
Issue number 2017
Start page 27
End page 39
Total pages 13
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2017-06
ISSN 0965-8564
Keyword(s) CAPEX performance
Digitization
Future-proofing
Light Rail transit
OPEX
Summary The cost performance of Light Rail Transit (LRT) systems have been scrutinized by the popular press and public sector infrastructure agencies as they have been prone to incurring cost increases in their capital expenditures (CAPEX). In tackling such increases, emphasis is placed on mitigating strategic misrepresentation and optimism bias, which has hindered the public sectors ability to embrace innovation, particularly with regard to the justification and adoption of LRT. More often than not, operational expenditure (OPEX) is neglected, and is not considered a part of the transportation cost performance literature. The aim of this paper is to examine the equivocality that surrounds the determination of cost performance of LRT projects. It is suggested that the public sector should move beyond focusing on strategic misrepresentation and optimism bias, as many governments worldwide now have in place mechanisms to address such issues, and instead focus on future-proofing their assets. It is suggested that the key enablers of future-proofing LRT are (1) private finance; (2) delivery strategy (e.g. design-build-finance-operate); (3) digitization (e.g. building information modelling); and (4) asset management (e.g. smart technologies). If the public sector is to provide an LRT system that is cost effective and able to respond to the demands imposed by climate change, then it needs to be considered from a life-cycle perspective and funding sought from the private sector to ensure its viability.
Language eng
DOI 10.1016/j.tra.2017.04.002
Field of Research 1205 Urban And Regional Planning
1507 Transportation And Freight Services
Socio Economic Objective 0 Not Applicable
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2017, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30094218

Document type: Journal Article
Collection: School of Architecture and Built Environment
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