Analyzing the economic impacts of transportation projects.

Details

• Creators:
  Konduri, Karthik ; Lownes, Nicholas ; Angueira, Jamie
• Corporate Creators:
  Connecticut Academy of Science and Engineering
• Corporate Contributors:
  United States. Federal Highway Administration
• Subject/TRT Terms:
  Construction Projects Economic Analysis Economic Development Economic Impacts Investments
• 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
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:45ed0e1808eb638a9aac5f5e9b8e53d91908f7f8c1d469ff7e220b9fab847c3cf1a239e7de38233812e11ac2a6f37dce72d0859db68f977174da65d4e5ddc2f8
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/26718/dot_26718_DS1.pdf
• File Type:
  [PDF - 3.80 MB ]