WASHINGTON'S METRO IS THE SOLID-GOLD CADILLAC OF MASS TRANSIT
Herman W. Nickel
Abstract
Herman W. Nickel
Abstract
Citing overdesign and planning mistakes, the author points out that the Washington Metro's capital cost of $7.2 billion exceeds that of the five other systems under construction in the U.S. in the 1970s and has ended up with a disproportionate share of federal mass-transit funds. The processes of benefit-cost analysis and alternatives analysis are discussed with reference to the Washington situation. Effects of political pressures are also described.
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Citing overdesign and planning mistakes, the author points out that the Washington Metro's capital cost of $7.2 billion exceeds that of the five other systems under construction in the U.S. in the 1970s and has ended up with a disproportionate share of federal mass-transit funds. The processes of benefit-cost analysis and alternatives analysis are discussed with reference to the Washington situation. Effects of political pressures are also described.
Key concepts: Transit (satellite), Rapid transit, Capital (architecture), Capital cost, Business, Public transport, Transport engineering, Economics