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NEW REPORT FINDS STRONG BUSINESS CASE FOR RESTORATION OF GALWAY-MAYO RAIL LINK
A new report, entitled The Atlantic Railway Corridor – The Galway-Mayo Rail Link: An Appraisal by economist Dr. John Bradley has found that there is a strong business case for the reopening of the railway from Galway to Mayo as part of the wider Atlantic Railway Corridor at a cost of €154m (€128m + 20% contingency), with a Benefit Cost Ratio (BCR) for the project that is greater than one.
The Bradley Report provides a cost benefit analysis (CBA) of reopening Phases 2 and 3 of the Western Rail Corridor (WRC), i.e., the cross-radial link between Athenry (on the Dublin-Galway line) and Claremorris (on the Dublin-Westport/Ballina line). The CBA was performed in accordance with the Common Appraisal Framework (CAF), which provides standard methods and procedures for making a transport business case for submission to government in compliance with the Public Spending Code.
A Cost Benefit Analysis of reactivating Phases 2 & 3 of the Western Rail Corridor (WRC) yields a positive net present value (NPV) and benefit-to-cost ratio greater than 1.0. When additional non-monetised benefits are considered, a strong business case exists to carry out the project.
See report here:
About the Author: John Bradley was Research Professor at the ESRI and has worked and published extensively on the island economy of Ireland, EU cohesion policy, industrial strategy and economic modelling. He previously worked at UCD, the IIRS and the Central Bank of Ireland. He has acted as a consultant to the European Commission, the European Parliament, the OECD, the World Bank, many EU member state governments and has carried out research and training projects in the EU, the Western Balkans and Africa.
From the same Author:
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