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Economic Study to Establish a Cost-benefit Framework for the Evaluation of Various Types of Transit Investments

2002
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Release : 2002
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Book Synopsis Economic Study to Establish a Cost-benefit Framework for the Evaluation of Various Types of Transit Investments by :

Download or read book Economic Study to Establish a Cost-benefit Framework for the Evaluation of Various Types of Transit Investments written by . This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a comprehensive framework for applying Cost-Benefit Analysis to a wide range of prospective transit investments (both greenfield and expansion projects) as well as rehabilitation and maintenance work. The framework is applicable to various transit modes, including stage bus systems (local and express bus service in regular street operation); bus rapid transit (buses in various types of dedicated rights-of-way); light rail; heavy rail; commuter rail; and highway investment. The report is accompanied by a user-friendly framework. the computer tool permits Cost-Benefit Analysis to be performed with either default values or locally generated data. It is scaled to apply over the range of differently sized urban areas and over the range of variously sized projects. The details of the benefit-cost analysis framework are described including an examination of the different types of benefits and costs associated with transit investment projects. Various key points of the methodology related to highway investment evaluation, net present value and risk analysis are discussed. The report also provides an overview of the computer program to be used in the evaluation of transit and highway investment projects. The report then uses the computer model to evaluate three case studies: Winnipeg: Southwest Transit Corridor; Kelowna: New Bus Capacity; Toronto: Spadina Light Rail. The results for all three case studies include benefits associated with congestion management (time savings, vehicle operating costs, criteria air contaminants emission savings, GHG emission savings and accident savings), low income mobility and liveable communities. Project costs (capital, O & M) are presented and three summary statistics are given (net present value, benefit-cost ratio, internal rate of return.

Benefit-cost Analysis Framework for Evaluating Inter-city Transit Investment

2008 Rural transit
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Release : 2008
Genre : Rural transit
Kind : eBook
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Book Synopsis Benefit-cost Analysis Framework for Evaluating Inter-city Transit Investment by :

Download or read book Benefit-cost Analysis Framework for Evaluating Inter-city Transit Investment written by . This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt:

The Evaluation of Transportation Investment Projects

2010-05-26 Business & Economics
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Release : 2010-05-26
Genre : Business & Economics
Kind : eBook
Book Rating : 077/5 ( reviews)

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Book Synopsis The Evaluation of Transportation Investment Projects by : Joseph Berechman

Download or read book The Evaluation of Transportation Investment Projects written by Joseph Berechman. This book was released on 2010-05-26. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the world, the use of some kind of a formal transportation project evaluation procedure is a requirement. Yet, by and large, these are partial; in fact, much weight is often placed on the initial -pre-engineering -phases of the planning process, when vital information, such as accurate costs and demand projections, is largely missing. Moreover, many of these procedures neglect to consider key issues such as project’s risks, capital costs financing, latent demand, market imperfections, labor force availability and various incompatibilities between trip rates, travel times and activity location. As a result, projects, which are judged as viable under such deficient evaluation schemes, may have had a significantly different projection of capital costs and demand should a well-founded, thorough, and efficient evaluation process be used. Against this background, this book’s main objective is to construct a comprehensive and methodical economic, planning and decision-making framework for the evaluation of proposed transportation infrastructure investment projects. Such a framework is founded on four key principles. It is based on well-established economic, transportation and policy-analysis theoretical principles; it is comprehensive enough to encompass all relevant evaluation issues; it is applicable to a wide range of transportation investment projects; and it is amenable to empirical application including a sensitivity analysis and alternative scenarios regarding urban, regional and national developments.

Highway and Transit Investments

2005 Roads
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Release : 2005
Genre : Roads
Kind : eBook
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Book Synopsis Highway and Transit Investments by : United States. Government Accountability Office

Download or read book Highway and Transit Investments written by United States. Government Accountability Office. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt:

Highway and transit investments options for improving information on projects' benefits and costs and increasing accountability for results : report to congressional committees.

2005
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Release : 2005
Genre :
Kind : eBook
Book Rating : 139/5 ( reviews)

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Book Synopsis Highway and transit investments options for improving information on projects' benefits and costs and increasing accountability for results : report to congressional committees. by :

Download or read book Highway and transit investments options for improving information on projects' benefits and costs and increasing accountability for results : report to congressional committees. written by . This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: Projections of future passenger and freight travel suggest that increased levels of investment may be needed to maintain the current levels of mobility provided by the nation's highway and transit systems. However, calls for greater investment in transportation come amid growing concerns about fiscal imbalances at all levels of the government. As a result, careful decisions will need to be made to ensure that transportation investments maximize the benefits of each federal dollar invested. In this report GAO identifies (1) the categories of benefits and costs that can be attributed to new highway and transit investments and the challenges in measuring them; (2) how state, local, and regional decision makers consider the benefits and costs of new highway and transit investments when comparing alternatives; (3) the extent to which investments meet their projected outcomes; and (4) options to improve the information available to decision makers. To address these objectives, we convened an expert panel, surveyed state departments of transportation and transit agencies, and conducted site visits to five metropolitan areas that had both a capacity-adding highway project and transit project completed within the last 10 years. DOT generally agreed with the report's findings and offered technical comments, which were incorporated as appropriate.

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