Life-Cycle Cost Model of High-Speed Railway Considering Carbon Emissions

The Chinese government continues to contribute to tackling the global climate challenge and plans to continue lowering carbon emissions in the transportation infrastructure field. The comprehensive assessment of the impact of carbon emissions is mainly focused on high-speed railways (HSRs). This paper proposes a life-cycle cost considering carbon emissions (LCCCCE) model for HSR projects, which consists of a general life-cycle cost (GLCC) model and a quantified carbon emissions cost (CEC) model. The Beijing-Shanghai HSR is employed as a case study, in which the LCCCCE and sensitivity of carbon emission factors are analyzed using the proposed methodology. The results show that the LCCCCE of the Beijing-Shanghai HSR is 64.56 billion USD, and that its CEC is 1.04 billion USD, which contributes 1.61% to the LCCCCE. Thus, the LCCCCE analysis of HSRs or transportation infrastructure projects is an effective methodology to quantify the impacts of carbon emissions in China and around the world.