Estimating the Economic Impacts of Multimodal Transportation Improvements

Zhang, Lei; Schonfeld, Paul M.

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Estimating the Economic Impacts of Multimodal Transportation Improvements

2016-02-01
By Zhang, Lei ; Schonfeld, Paul M.

File Language:

English

Details

Creators:

Zhang, Lei ; Schonfeld, Paul M.
Corporate Creators:

Maryland. State Highway Administration. Office of Policy & Research
Contributors:

Kastrouni, Eirini ; Shayanfar, Elham ; He, Xiang
Corporate Contributors:

University of Maryland (College Park, Md.)
Subject/TRT Terms:
Publication/ Report Number:

MD-16-SHA-UM-3-17
Resource Type:

Tech Report
Geographical Coverage:

United States;Maryland
Edition:

Final Report
Corporate Publisher:

Maryland. State Highway Administration
Abstract:

Project selection and prioritization is of the utmost importance to federal, state and local agencies, and should be performed cautiously based on the estimated project costs and benefits. Informed resource allocation decisions among project candidates maximize public investment benefits and create economic opportunities that ultimately improve the quality of life. The objective of this research is to quantify the broader economic impacts of different types of transportation infrastructure investment. The research team integrated the Maryland Statewide Transportation Model with the SHRP2 C11 tools and showcased this integration through four (4) case studies. Using the SHRP2 C11 suite of tools (“Development of Improved Economic Analysis Tools), the authors estimate the improvement of travel time reliability and the changes in market access in the study area following the new investment, in performance and monetary terms.
Format:

PDF
Funding:

SP409B4M
Download URL:

https://rosap.ntl.bts.gov/view/dot/39274/dot_39274_DS1.pdf
File Type:

[PDF - 1.49 MB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha-512:21e2e2d6ff4d93974bed1395fbde5b2fc9ae508c59f9d7554fef3a10585e00e8183edd2e513a5505e277d5f29b4651f86aab297e8eda0a3e7363d597681a768d

File Language:

English

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