debassay_present

debassay_present - MIT Civil Engineering – 1.011 Project...

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Unformatted text preview: MIT Civil Engineering – 1.011 Project Evaluation Eurostar vs. Shinkansen Spring Term 2003 Brief Overview Shinkansen Shinkansen – – – – – Background Time Line Statistics Costs and Benefits Risks and Uncertainties – – – – – Background Time Line Statistics Costs and Benefits Risks and Uncertainties Eurostar Eurostar Patrick Hereford References Shinkansen Shinkansen – http://www.ieee.org/organizatio ns/history_center/milestones_ph otos/shinkansen.html – http://www.japanesestudies.org .uk/discussionpapers/Hood.html – http://www.jei.org/Archive/JEIR 98/9840w3.html Eurostar Eurostar – http://www.eurostar.com/dctm/j http://www.eurostar.com/dctm/ sp/index.jsp sp/index.jsp – http://www.ohttp://www.okeating.com/hsr/eurostar.htm keating.com/hsr/ eurostar. Wintana Debessay Background - Shinkansen World’s first inter-city World’s interhigh-speed rail system highAlternate to narrow Alternate gauge tracks that limit speed Considered source of Considered national pride Cost overruns from Cost original estimation Risks and Uncertainties Post-war economy unstable PostWas train service the best way to go? Was What about highways? Topographic obstacles Topographic Ridership estimations Ridership Wintana Debassay, Patrick Hereford Time Line 1940 – Idea of Shinkansen introduced and 1940 researched through Government 1959 – Construction begins 1959 1964 – Inauguration of Tokyo – Shin-Osaka 1964 Shinservice – Coincided with Olympics held in Japan 1972-1988 – New Shinkansen service lines 1972- sporadically opened throughout Japan 1987 – Japan National Railways privatized 1987 Statistics Maximum speed of 300 km/hr, Average Maximum speed of 286.1 km/hr No fatalities on the service due to collision, No derailment, etc. More than 280 Shinkansen trains operate More between Tokyo and Osaka each day Daily ridership of over 360,000 passengers Daily Page 1 MIT Civil Engineering – 1.011 Project Evaluation Cost – Benefit Analysis High construction costs to be compensated High by expected high revenues Government project rather than profitGovernment profitseeking firm – Costs grew added lines and employees added HUGE Debt ¥37.1 trillion ($274.8 billion) HUGE – Privatized to 6 companies to carry some debt and earn profit Timeline 1994: First Eurostar 1994: commercial services begin from London to Paris and Brussels 1995: Ashford station 1995: opens a direct service from London to Disneyland Paris 1996: Service expands 1996 to Moutiers and Bourg St Maurice from Ashford 1998: Opens facilities 1998: and renovations at Paris Gare du Nord Statistics Maximum speed reached is 186 mph Maximum 7.7 million riders during the 2002 fiscal 7.7 year Will reach the profit zone at the end of Will 2003 if all goes well No severe injuries during the crash of No 2000 Wintana Debassay, Patrick Hereford Spring Term 2003 Background - Eurostar Longest Passenger Train in the World (20 Longest cars long per train) Europe's First International Train to take Europe's advantage of the Channel Tunnel Plagued by unreliability during its first few Plagued years of operations Can reach speeds up to 186 miles per hour Can but can only travel 100 miles per hour in the Chunnel Risks and Uncertainties Natural disasters ocurring near the Natural Channel Tunnel Ridership during Eurostar’s opening Ridership Safety of the Eurostar Safety Cost-Benefit Analysis Eurostar cost approximately $31 Eurostar million for the entire project Crash in 2000 cost approximately $850 Crash million Will obtain a profit after the 2003 Will fiscal year Page 2 ...
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This note was uploaded on 11/29/2011 for the course CIVIL 1.00 taught by Professor Georgekocur during the Spring '05 term at MIT.

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