2012 Volume 15 Issue 3 Pages 040-047
The objective of this study is to estimate non-market goods benefit (such as enhancement of safety and passenger comfort) of railway station improvement project using Contingent Valuation Method (CVM). Questionnaire survey of railway users to understand their perceptions and willingness to pay (WTP) for improvement project was conducted at three stations in Tokyo metropolitan area. The results of this study show that railway users recognize the various effects and their WTP is between 6.88yen and 8.13yen per one way trip, breakdown for enhancement of safety and comfort are between 35% and 56% of the total. Total non-market goods benefits for 30-year is estimated between 168 million yen and 365 million yen.
