As one of the former Hong Kong Chief Executive’s Ten Major Infrastructure Projects, the Airport Rail Link was proposed to provide a direct, high-speed rail link between Hong Kong International Airport and Shenzhen Bao’an International Airport, in addition to a further cross-boundary land link to the Mainland.
Waters Economics team members undertook the economic analysis as part of the engineering pre-feasibility study, along with investigating the implications for air cargo.
The team developed a bespoke methodology for this unique infrastructure proposal. The approach drew on economic first principles to design appropriate ways to assess the transport impacts of the rail link and the business impacts of additional and diverted air passengers.
Demand Forecasting | Economic Modelling | Cost Benefit Analysis