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Download the PDF. Without high patronage, new rail investments incur large deficits and fail to deliver promised environmental and social benefits. A system with few passengers and a high price tag is, by most accounting, a poor investment economically, environmentally, and socially. Comparing the costs and the number of passenger-miles traveled for 54 American rail transit investments since 1970, we found wide variation in cost-effectiveness.
Acknowledgments The authors wish to acknowledge funding for this study from the Development, Community, and Environment Division of the U.S. Environmental Protection Agency.
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