United States Department of Transportation
Life Cycle Costs and Benefits Analysis of Freight Transportation Projects
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2020-07-01
File Language:
English
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Edition:Final Report (July 2019 - August 2020)
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Abstract:Freight plays an increasing role in the national, state, and local economy. However, the life-cycle costs and benefits of freight investments are difficult to quantify, and there is a lack of specific tools to evaluate the potential benefits of freight investment projects. In this research, we developed and implemented a methodology to evaluate life-cycle costs and benefits of freight transportation projects based on our previously developed economic impact analysis tool, FreighTEC. A post-processing tool, FreighTEC 2.0, is developed to assist the project prioritization process for the Florida Department of Transportation (FDOT) based on the freight forecast model -- Freight Supply-chain Intermodal Model (FreightSIM). The FreighTEC 2.0 considers costs of the entirely life-cycle of freight investment projects, including planning, construction, operation and maintenance, and estimates the direct benefits to the users and economic impacts to the impacted county (i.e. local impacts) and state as a whole (i.e., state impacts).
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[PDF - 5.13 MB] -
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Main Document Checksum:urn:sha256:00d1ea7c769b67b123409774d85089f596b755e4ba2f894f78681696a031afaf
File Language:
English
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