The socio-economic time benefits of two light rail projects in Copenhagen are investigated using three different sets of values of time. The first set is the one the Ministry of Transport recommends for use in socio-economic analysis in Denmark; this is used as basis for comparison with the two other sets of values of time. The second set is the expected new recommended values of time that has the same time values for non-business travel. The third set is estimated from traffic modelling parameters and operates with different in-vehicle time values; the reason for this is thoroughly described supported by examples. Traffic modelling of the two light rail projects has been performed and the results are used to generate the time benefits. The time benefits for the two light rail projects using the expected new values of time will increase around 20% compared to the result when using the values recommended by the Ministry of Transport. Differentiated in-vehicle values prove to generate an even higher increase in time benefits, but vary depending on the projects.
|Title of host publication||Part of the Annual transport conference at Aalborg University|
|Publication status||Published - 2007|
|Event||2007 Annual transport conference at Aalborg University - Aalborg, Denmark|
Duration: 27 Aug 2007 → 28 Aug 2007
|Conference||2007 Annual transport conference at Aalborg University|
|Period||27/08/2007 → 28/08/2007|
- Public transport, light rail, value of time, time benefits, socio-economic analysis