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Title: Development of Tools for Assessing Wider Economic Benefits of Transportation
Accession Number: 01494499
Record Type: Monograph
Blurb URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: The goal of the Strategic Highway Research Program 2 (SHRP 2) Capacity focus area goal is to develop approaches and tools for systematically integrating environmental, economic, and community requirements into the analysis, planning, and design of new highway capacity. The Capacity Technical Coordinating Committee set out to develop a suite of simple-to-use tools that could assist transportation agencies to assess the economic implications of proposed additions to highway capacity and, in turn, land use. The C11 project addresses benefitcost analysis. The research team worked to improve the state of the practice in assessing the wider economic benefits of transportation capacity projects. Specifically, they addressed three classes of project benefits that have been generally acknowledged to exist but have been difficult for transportation agencies to address in a systematic and quantitative manner: travel time reliability benefits; intermodal connectivity benefits; and market access benefits. Finally, the project team produced an updated benefitcost accounting framework to tie together these wider categories of benefits with classes of project benefits that have been traditionally considered in benefitcost analysis in transportation. These include benefits from improved safety, travel time savings (from reductions in recurrent traffic congestion), and vehicle operating cost savings. Besides this final research report, Project C11 produced a set of downloadable spreadsheet tools and the user guides and instructions transportation agency staff and others need to use them. Because it addresses the value of improving travel time reliability, the reliability spreadsheet was tested in 2013 and will be tested during 2014 as part of the SHRP 2 Reliability focus area’s L38 analytical tool pilot test project.
Report/Paper Numbers: SHRP 2 Report S2-C11-RW-1
Language: English
Corporate Authors: Economic Development Research Group 2 Oliver Street, 9th Floor Cambridge Systematics, Incorporated 1265 Kensington Drive ICF International 630 K Street, Suite 440 Texas A&M Transportation Institute Texas A&M University System Weris, Incorporated Reston, VA United States Pagination: 95p
Publication Date: 2014
Serial: ISBN: 9780309273602
Media Type: Web
Features: Figures; References; Tables
TRT Terms: Subject Areas: Economics; Highways; Planning and Forecasting; I10: Economics and Administration
Files: TRIS, TRB, ATRI
Created Date: Sep 25 2013 11:18AM
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