Benefits of Rail Trail Development in Australia. Upper Molonglo Rail Trail Scoping Study

Project Report from the year 2018 in the subject Business economics - Miscellaneous, grade: 2, , language: English, abstract: Rail trails offer convenient access to various regions within Australia. This is attributable to the minimal traffic and gradient challenges of the trails. However, rail trails require substantial government support in funding their construction, as well as, their continued maintenance. This is so because; lack of maintenance deteriorates the quality of construction hence accelerating the rate of wear and tear. Therefore, assurance of government funding in these development projects translate into project success by producing high standard rail trails. For this reason, this feasibility study seeks to analyze the proposed project of the Upper Molonglo Rail Trail that runs from Bungendore to Captain's Flat. It will highlight the benefits obtained from the successful implementation of the project; hence determine its economic viability. The study also seeks to analyze previous successes of rail trail projects to forecast the effects of the Upper Molonglo Rail Trail on the community. As such, this study offers insight on the utilization of funds in rail trail projects in the development stage, as well as, their maintenance after completion.