Faithful+Gould was selected to develop a model that estimates both capital and life cycle costs as part of a study on a new high-speed rail system in Norway – the biggest transport study of its kind in the country. The greater scope includes a combination of market, financial and economic analysis.
The task of the high-speed rail study for Jernbaneverket (JBV) is to recommend strategies for future passenger train transport in South Norway as part of their National Transport Plan 2014 - 2023.
The model provides robust comprehensive life cycle cost (LCC) comparative estimates over a 25 year post-construction period for a number of alternative rail routes and stations. The LCC estimates are generated from route specific component descriptions, quantities and benchmark unit capital cost data together with asset specific service lives that have been factored to the Norwegian rail and weather environment.
Faithful+Gould has designed a LCC model that follows international life cycle standards and automatically reflects changes in design, route length, unit cost rates and quantum.