The New Line Copenhagen-Ringsted:
The Benefits From EU Railway Benchmarking
Author(s)
I. Trabo, A. Landex, J. E. Schneider-Tilli & O. A. Nielsen
Abstract
Companies in many different business areas face unexpected budget overruns
when carrying out large-scale projects. Usually this happens because of underestimation
of actual costs during budgeting. That is why it is important to have
specific knowledge of the market situation, not only in one specific country, but
also outside the country’s borders. It helps, for example, to find relevant
information about construction materials to lower prices and reducing a project’s
planned costs by several per cent. The same is true of technology and the
companies involved in the construction of the project. \“The New Line
Copenhagen-Ringsted” project being developed by Rail Net Denmark will be the
first high-speed railway line in Denmark with a total budget of EUR 1.10 billion.
The focus is on avoiding a budget overrun and on therefore looking for ways of
reducing project costs. We have conducted a benchmark study of other similar
high-speed railway lines in Europe. France, Italy, and Spain have long and
productive experience in constructing and operating high-speed railway lines.
Investigating their best practices brings valuable knowledge to the project. This
paper presents the data we gathered and our results, which will be useful for
other infrastructure managers. Infrastructure managers will be able to make their
own benchmarks to come to conclusions about how they can avoid budget
overruns for future projects.
Keywords: railway, benchmarking, cost drivers, budget overruns, unit costs.
Keywords
railway, benchmarking, cost drivers, budget overruns, unit costs
Related Book
Other papers in this volume
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