Bucharest Metro Line 2 Renewal Programme Appraisal Support
Client: METROREX S.A.
Duration: Sept 2015 to Dec 2018
Transport Insights was initially commissioned in September 2014 to provide pre-feasibility demand forecasting and cost-benefit analysis support to a renewal programme on Bucharest’s metro network. Further support in relation to a revised proposed scheme was provided in 2018 in support of an upcoming planned European Commission grant application. The renewal programme comprised extensive infrastructural and rolling stock enhancements on Metro Line 2 (ML2), which carries the highest passenger demand of all the city’s metro network, with existing rolling stock re-assigned to other parts of network.
Key activities included developing a bespoke demand forecasting approach and undertaking passenger demand forecasting, operational cost estimation, advising on project implementation strategy, and undertaking cost-benefit analyses. Transport Insights also liaised with the European Investment Bank/ JASPERS in relation to the analytical approach pursued and requirements of the prospective co-financing application.
Added Value Brought to Project
Transport Insights’ analytical outputs informed the selection of the preferred project implementation strategy. Final project deliverables produced in December 2018, namely the Transport Demand Forecasting Report and Cost-Benefit Analysis Report, supported a successful European Commission grant application for the programme’s delivery. The renewal programme, with a ca. €267 million estimated investment cost, is currently progressing to delivery.