Development of Tools for Assessing Wider Economic Benefits of Transportation
Accessibility, Connectivity, Construction projects, Economic analysis, Economic benefits, Economic impacts, Intermodal transportation, Reliability, Spreadsheets, Travel time
In addition to traditional factors that are commonly measured (travel time, cost and safety), there is growing evidence that the wider economic impacts associated with transportation projects are often driven by changes in reliability, connectivity and accessibility. This study provides four sets of spreadsheet tools for transportation project impact assessment. These four tools enable measurement of project impacts on: (1) travel time reliability; (2) market access; (3) intermodal connectivity; and (4) an accounting system for incorporating the above three metrics into economic benefit and economic impact analyses. The report discusses the context in which these tools are to be used, and presents technical discussion and instructions for each one.
Permission to link to this report has been given by Transportation Research Board, Washington, copyright remains with them.
Economic Development Research Group, Cambridge Systematics, Incorporated, ICF International, Texas A&M Transportation Institute, Weris, Incorporated. (2013). Strategic Highway Research Program (SHRP 2) Capacity Project C11 140pp. Published by Transportation Research Board, Washington.