Acknowledgement
This study was supported by a research grant from R&D program (PK2402C4) of the Korea Railroad Research Institute.
References
- Feigenbaum, B. (2013). High speed rail in europe and asia: Lessons for the United States. Policy Study, 418(May 2013), Reason Foundation.
- Flyvbjerg, B. Holm, M., & Buhl, S.L (2002). Underestimating costs in public works projects: Error or lie. Journal of American Planning Association, 68(3), 279-295. https://doi.org/10.1080/01944360208976273
- Kang, S. W., Kim, D. H., & Kim, K. T. (2019). Cost overrun and underestimation in the construction of railway infrastructure: Causes & implications. Journal of The Korean Society for Railway, 22(11), 905-912. https://doi.org/10.7782/JKSR.2019.22.11.905
- Kang, S. W., Kim, D. H., Yu, J. K., Lee, K. C., & Moon, D. S. (2021). Benefits of early stakeholder involvement in korean railway infrastructure project. The Journals of Economics, Marketing & Management, 9(5), 15 - 25.
- Kang, S. W., Oh, S. M., & Kim, G. B. (2022). The effect of the introduction of the express highspeed railway in Korea. East Asian Journal of Business Economics, 10(4), 47-54.
- Kim, D. H. et al. (2019). Development of technology to analysis the optimal requirements and financial investment for railway public transportation system. Research Paper. Korea Railroad Research Institute.
- Kim, G. B., & Kang, S. W. (2021). A study on the customer-based pricing approach for railway fare of express trains. East Asian Journal of Business Economics, 9(4), 93 - 102.
- Lee, H. S., Yoo, J. K., Kim, D. H., Lee, K. C., Kang, S. W., & Moon, D. S. (2021). Study on risk based value for money assessment on urban rail project. Journal of Korean Society for Urban Railway, 9(4), 1117-1129. https://doi.org/10.24284/JKOSUR.2021.12.9.4.1117
- Lee, J. H. & Park, M. C. (2021). Estimating induced demand with opening of railway projects. Journal of the Korean Society for Railway, 24(5), 478-489. https://doi.org/10.7782/JKSR.2021.24.5.478
- Lee, W. H. et al. (2021). Guidelines for pre-feasibility test: Road and rail. Research Paper. Korea Development Institute.