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Technical Report Documentation Page

1. Report No. 2. Government Accession No. 3. Recipient's Catalog No. 5. Report Date

SWUTC/04/167150-1

4. Title and Subtitle

POLICY AND FINANCIAL ANALYSIS OF HIGH-SPEED RAIL VENTURES IN THE STATE OF TEXAS

7. Author(s)

September 2004

6. Performing Organization Code 8. Performing Organization Report No.

Craig E. Roco and Leslie E. Olson

9. Performing Organization Name and Address

Report 167150

10. Work Unit No. (TRAIS) 11. Contract or Grant No.

Texas Transportation Institute The Texas A&M University System College Station, Texas 77843-3135

12. Sponsoring Agency Name and Address

10727

13. Type of Report and Period Covered

Southwest Region University Transportation Center Texas Transportation Institute The Texas A&M University System College Station, TX 77843-3135

15. Supplementary Notes

Research Report: September 2003 – August 2004

14. Sponsoring Agency Code

Supported by general revenues from the State of Texas.

16. Abstract

A renewed interest in high-speed rail as an alternative transportation mode in Texas remains mostly as an idea, with opinions based primarily on perceptions about the state’s past experience with this technology. If this concept is to advance toward a realistic alternative for transportation planners, future policies should be formulated with consideration of past policies, corporate behavior, forecasting reliability, and financial feasibility. Therefore, previous public and private efforts to bring high-speed rail to Texas have been investigated with the hope that future ventures will be timely, cost effective, and reliable. This report presents an alternative feasibility assessment methodology to assist in achieving these goals.

17. Key Words

18. Distribution Statement

High-Speed Rail Policy, Transportation Economics, Feasibility Analysis Methodology, Texas TGV Consortium, Texas High-Speed Rail Franchise

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