Economic evaluation of MRTS projects—Do we measure and value the benefits of time savings correctly?
In recent years, the government of India has placed significant emphasis on implementing metro rail transit systems (MRTS) in cities. India's metro rail network has witnessed a remarkable expansion over the past decade, growing from 248 kilometers across five cities in 2014 to 973 kilometers spanning 23 cities in 2024[1]. While MRTS coverage,
