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Economics / Appraisal / BCR, Funding / Financing, Railways, Satellite navigation / Travel software / Modelling, West Midlands
Centro forecasts twice the new service take-up operator sees
Centro has estimated that the rail service enhancements it plans to subsidise to Stratford-upon-Avon will generate more than double the additional patronage that the train operating company has modelled.
Centro estimates that the £1m subsidy over three years for new evening and Saturday services between Birmingham and Stratford, the poorest served station in its travel-to-work area, will secure 55,183 new trips in 2013/14, compared to the 23,991 that TOC GoVia believes will result.
The...
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