Developing Conceptual Design of High Speed Railways using Value Engineering Method: Creating Optimum Project Benefits
As a consequence of an improvement in productivity, due to shorter travel time and further development in connectivity, a High Speed Train (HST) project is one kind of infrastructure which has a potential for positive impact on economic development and growth. However, HST project feasibility ra...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2015-10-01
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| Series: | International Journal of Technology |
| Subjects: | |
| Online Access: | http://ijtech.eng.ui.ac.id/article/view/1401 |
| Summary: | As a consequence of an improvement in
productivity, due to shorter travel time and further development in
connectivity, a High Speed Train (HST) project is one kind of infrastructure
which has a potential for positive impact on economic development and growth.
However, HST project feasibility rarely meets related
stakeholders’ expectations, since the benefits and added value are considered
low, when compared to the value of investment. Therefore, a comprehensive study
is required by producing innovative ideas to improve the feasibility of HST
projects, from the viewpoint of both technical and economic aspects. This study
is aimed at improving the feasibility of project investment for the conceptual
design of Jakarta-Surabaya HST project by using Value Engineering (VE). The
methodology uses both qualitative and quantitative approaches through in-depth
interviews and life cycle cost analysis. Route 1 selected as the best scenario
that has 4 stations connecting Jakarta to Cirebon to Semarang, and to Surabaya.
The HST project requires a budget of 36 Trillion IDR with operational and maintenance costs estimated
for about 1.2 Billion IDR per year for 685 km of high speed train infrastructure. |
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| ISSN: | 2086-9614 2087-2100 |