Abstract
Development of railway station areas has for several years been an important issue on the Dutch spatial policy agenda. National and local governments have been financially supporting the development of the areas around the stations of the new High-Speed Rail, the railway connection from Amsterdam to France and Germany. The projects in question are designed to create a multifunctional land use environment in which synergy effects of the combination of the transport nodes with business and residential land uses can arise.1 This chapter evaluates the welfare effects of probably the most ambitious of these projects, that which involves urban construction and infrastructural investment in the Amsterdam South Axis area. In this project the transport infrastructure on both sides of the railway station Amsterdam South/WTC is to be brought underground, thus creating extra space for high quality urban construction. The expectation is that this change in the pattern of land use in the South Axis will have positive effects on the utility of residents and productivity of companies in the area, and subsequently on the value of real estate there.2
See for a discussion of the multifunctional land use concept e.g. Vreeker et al. 2004; Rodenburg and Nijkamp 2004.
This paper builds on a study performed by CPB Netherlands Bureau for Economic Policy Analysis (Eijgenraam and Ossokina 2006).
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Eijgenraam, C., Ossokina, I. (2008). Cost-benefit analysis of railway station area development: The case of Amsterdam South Axis. In: Bruinsma, F., Pels, E., Rietveld, P., Priemus, H., van Wee, B. (eds) Railway Development. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-1972-4_10
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