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Analyzing the economic impacts of transportation projects.

File Language:
English


Details

  • Creators:
    Konduri, Karthik ORCID ICON IMG ; Lownes, Nicholas ORCID ICON IMG ; Angueira, Jamie
  • Corporate Creators:
    Connecticut Academy of Science and Engineering
  • Corporate Contributors:
    United States. Federal Highway Administration
  • Subject/TRT Terms:
  • Publication/ Report Number:
    CT-2279-F-13-13
  • Resource Type:
    Tech Report
  • Geographical Coverage:
    Connecticut
  • Corporate Publisher:
    Connecticut. Dept. of Transportation
  • Abstract:
    The main goal of the study is to explore methods, approaches and ; analytical software tools for analyzing economic activity that results from largescale ; transportation investments in Connecticut. The primary conclusion is that the ; transportation system and users of transportation infrastructure interact with the ; economy in complex ways, causing economic impacts. Therefore, in order to ; effectively analyze the economic impact of transportation projects, ConnDOT should ; consider: establishing the role of economic impact analysis in the state’s strategic ; transportation planning process; adopting an objective, independent and consistent ; process for conducting economic impact analyses that incorporates the state’s ; regional, economic and political considerations; building capacity of ConnDOT staff ; including their understanding of economic impact analysis and the tools used to ; conduct such analyses for use in the strategic planning process and to support and ; manage analysts that conduct the analyses; utilizing analysts well versed in the ; principles of transportation planning/engineering and economic theory, and ; knowledgeable about the interrelations between the two for the purpose of ensuring ; validity of the results; establishing a partnership with an organization or ; consultant with the capacity to conduct economic analyses to achieve consistency in ; analyses over time; selecting an economic analysis software model to analyze the ; economic impact of transportation projects. Of the models considered in this study, ; currently REMI TranSight and TREDIS are recommended for ConnDOT’s consideration; and ; customizing and communicating the results of the analyses in meaningful terms for ; various audiences (e.g., decision makers, stakeholders and the public).
  • Format:
    PDF
  • Funding:
    SPR-2279
  • Download URL:
    https://rosap.ntl.bts.gov/view/dot/26718/dot_26718_DS1.pdf
  • File Type:
    Filetype[PDF - 3.80 MB]
  • Collection(s):
    US Transportation Collection
  • Main Document Checksum:
    urn:sha-512:45ed0e1808eb638a9aac5f5e9b8e53d91908f7f8c1d469ff7e220b9fab847c3cf1a239e7de38233812e11ac2a6f37dce72d0859db68f977174da65d4e5ddc2f8
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