2023/24 Taught Postgraduate Module Catalogue
TRAN5540M Railway Investment Appraisal
15 creditsClass Size: 31
Module manager: Dr Manuel Ojeda Cabral
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2023/24
Pre-requisite qualificationsBachelors degree or equivalent non-degree experience, including familiarity with quantitative subjects.
(requirements of the Programme give a guide to the background required: A bachelor degree with a 2:1 (hons) in a relevant subject such as Engineering, Maths, Economics, Management (and any other Business-related degree), Environmental science (having a mathematical component), Transportation.
This module is mutually exclusive with
|Transport Investment Appraisal
|Economic Appraisal and Economic Performance
This module is not approved as an Elective
Module summaryStarting from the principles of cost-benefit analysis and Business Cases, this module covers the key methods and techniques of railway investment appraisal. It includes worked examples and case studies from the UK and internationally, featuring urban, regional and high speed rail. Recent innovations in appraisal methods are covered, and ex post evaluation is explored. The role of railways in the spatial economy is addressed using recent examples. Current major infrastructure projects are used to aid discussion. The link with project finance, and links with decision-making and transport policy are considered.
Objectives- To provide a critical understanding in the principles and practice of railway investment appraisal.
- To equip students with skills relevant to conducting, critically evaluating and interpreting a wide range of railway investment appraisals and Business Cases.
On completion of this module, students should be able to demonstrate:
1. Be able to synthesise the key principles and methods of railway investment appraisal, including practical tools;
2. Awareness of the current technical and policy issues surrounding the railway investment appraisal, and relate these issues to emerging technical solutions;
3. An ability to apply this knowledge to a wide range of cases and justify the chosen method
- Familiarity with techniques - especially discounted cash flow and risk analysis, valuation and CBA;
- Experience carrying out key elements of appraisal using spreadsheet-based tools;
- Working knowledge of the capability of key appraisal methods (CBA, FA and MCA in particular) that are used in business and government;
- Awareness of the rail industry evidence base (including PDFH) and its role in project appraisals;
- An appreciation of the international context including appraisal systems used worldwide (WebTAG (UK)/EC DG REGIO/EIB RAILPAG/World Bank Toolkit).
- Principles and Techniques for Appraisal, Evaluation and Business Cases
- Valuation of Time, Service Quality, Reliability, Safety and External Factors
- Wider Economic Impacts including Agglomeration and Labour Market Effects
- Role of Railway Appraisal in Government and Decision-Making
- Railway Appraisal Workshop and Examples: Urban/Intercity/High Speed
|Private study hours
|Total Contact hours
|Total hours (100hr per 10 credits)
Private studyPre-Session Reading (21 hours) - over 2 weeks prior to the module
After the module, private study focuses on the coursework, which explores and tests key themes within the Syllabus (89 hours)
Opportunities for Formative FeedbackWorkshop on Day 2 of 3 provides opportunity for face to face individual and group-based feedback on learning progression.
Interactive exercises during the module also allow for progress monitoring.
Methods of assessment
|% of formal assessment
|Project Report 3500 words
|Total percentage (Assessment Coursework)
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
Reading listThe reading list is available from the Library website
Last updated: 28/04/2023 14:56:46
Browse Other Catalogues
- Undergraduate module catalogue
- Taught Postgraduate module catalogue
- Undergraduate programme catalogue
- Taught Postgraduate programme catalogue
Errors, omissions, failed links etc should be notified to the Catalogue Team.PROD