Economic Analysis of proposed Ramadi Karbala Railway Project in Iraq
DOI:
https://doi.org/10.22399/ijcesen.1294Keywords:
cost benefit analysis, railway engineering, Economic evaluation, Operating cost, Transportation.Abstract
In the majority of nations, the railway network is regarded as one of the main pillars of the economy. Here, the user benefit of installing a new railway track connecting the western Iraqi cities of Ramadi and Karbala was examined. The new railway line's operational expenses are contrasted with those of the current forms of transportation, which rely solely on multilane highways to connect the two cities. The associated parameters used in the cost-benefit methods were used in the analysis. The findings demonstrate that there is no user benefit and the economic assessment is negative when building and other initial costs are included. In contrast, the implementation of such transportation projects in the actual world has an impact on the advancement of society. Apart from the upfront expenses, like in the case of the construction of the road, this article determined that the proposed project has a great deal to offer users when accidents, time-saving expenses, and environmental effects are considered operating. Using a cost-benefit analysis, this study compares the effects of the existing modes of transportation (roadway travel) and tries to understand the impact of introducing a new one (railway travel).
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