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Abstract
The line was analyzed using a new short line benefit-cost procedure developed at the Upper Great Plains Transportation Institute. The project is actually part of a series of capital projects on the line. The overall benefit-cost ratio for the projects is 14:3. The outlay will be paid back on the basis of discounted benefits before 1995. A discount rate of 8 percent was used in the analysis. Costs were developed for the line from detailed inspection, surveys, and operating data. Revenues were computed from current tariffs. The methods are detailed in the text of the report.
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