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131 A p p e n d i x C Table C1 provides commonly used service lives used in residual value calculations as discussed in one source. Residual Values Sources: Jones et al. (1), review of RailPAG (2), European Commission (3 ). Project Type Project Lifetime Airport extension 38 years Freight rail 35 years High speed rail 30â40 years High speed rail link 30 years Rail do-minimum line upgrade 40 years Rail grade crossing elimination 20 years Rail line renewal 38 years Rail line upgrade 40 years Rail line link 30 years Rail link to terminal 65 years Rail terminal development 50 years Freight transfer center 25 years Waterway and channel deepening 25 years or infinite Other port projects 30 years Typical Service Lives Used in Transportation Projects as reported by European Commission Port and airport 25 years Highways 25 years Rail 30 years Water and environment 29 years Table C1. Service lives for infrastructure. Component Project Lifetime Land 150 years Earthworks, protection, blanketing, bridges, station and buildings, and tunnels 50-60 years Tunnels, bridges 43 years Maintenance facilities 50 years Source: Adapted from Jones et al. (1) and RailPAG (2). Table C2. Service lives for infrastructure components.
132 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor investments References 1. Jones, H., T. Domingos, F. Moura, and J. Sussman. Transport Infrastructure Evaluation Using Cost-Benefit Analysis: Improvements to Valuing the Asset through Residual Value-A Case Study. ESD Massachusetts Insti- tute of Technology Working Paper. 2013. 2. Railway Project Appraisal Guidelines. European Commission and European Investment Bank. 2003. Accessed 2015. http://www.eib.org/attachments/pj/railpag_en.pdf 3. European Commission. Guide to Cost-Benefit Analysis of Investment Projects-Structural Funds, Cohesion Fund and Instrument for Pre-Accession. Brussels: European Commission. 2003.
