Elaboration of Feasibility study and Cost Benefit analysis for the railway line between Athens and Patras, as well as the preparation rail project funding application to the EU for the railway section Rododafni-Rio. The feasibility study includes the analysis of alternative alignments, regarding both the construction and the operation of the railway line and consideration of the relative financial and socio-economic outputs.
The project refers to the railway line connecting the Intermodal Acharnes Railway Center (SKA) north of Athens to the new port of Patras with a total length of approx. 212kms. The project has been studied as a high-speed double railway line with full electrification and modern signalling, tele-commanding (ETCS) and telecommunications (ERMS) systems. The project has been completed and is under operation at its first 104kms from SKA to Kiato station. The next 76kms up to Rododafni station are under construction to be completed by the end of 2019. For the following 28kms up to Rio area construction has recently started to be completed by 2020 and the final 9kms in the Patras urban area are currently under study.
The objective of this study was the update of the Feasibility Study and a Cost – Benefit analysis for the entire Axis from Athens to Patras. The study included the identification of 4 alternative alignments for the final urban section from Rio to Patras’ new port, which were all further evaluated based on techno-economic aspects, followed by a multi-criteria analysis.
For the purposes of the CBA, the areas of influence of the project and the socio – economic environment were analytically determined and traffic forecasts were estimated for both passenger and freight future demand on the line.
In relation to freight transport the role of the line was proposed to be enhanced by the establishment of a new logistics transport chain, which includes the line under examination and combined transport by sea and road modes to Central and Western Europe. Traffic forecasts were produced and used as input data in the cost-benefit analysis which included both financial and economic and socio – economic analysis.
The reference period of financial and economic analyses was determined to be 25 years after the completion of the whole investment, which in connection with the planning of the final section extends the period until 2050.
- Analysis of alternative alignments for “WITH” AND “WITHOUT THE PROJECT” scenarios.
- Gathering of the existing and estimation future transport demand
- Estimation of construction costs and operation and maintenance costs for each alternative alignment
- Estimation of anticipated revenues for each alternative
- Financial evaluation
- Socio-economic evaluation
- Sensitivity and risk analysis
- EU funding application