United States Department of Transportation
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Development of an Urban Transportation Investment Model: Executive Summary
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1996-12-01
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[PDF-662.05 KB]
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Edition:Final Report
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Abstract:In this study, the project staff pursued three main objectives. The first objective, the subject of Report 1 356-1, was to define the concept of full-cost analysis in the context of a multimodal transportation evaluation framework, including the identification of all cost components of transportation systems and a summary of estimations made in previous research of the unit costs of these components. The second objective, the subject of Report 1 356-2, was to develop a multimodal full-cost analysis computer model (termed MODECOST) that would incorporate the findings from Report 1 356-1 and that would facilitate the application of multimodal full-cost analyses. The final objective was to apply the concept of multimodal full-cost analysis via case studies of transportation corridors for several MPOs in Texas. The results are documented in a series of reports, Report 1356-3 through Report 1356-7. According to the findings, the evaluation of transportation systems from a multimodal full-cost perspective can result in recommendations for transportation improvements that differ significantly from recommendations made based on consideration of initial capital investment costs. Additional results are summarized in this report. The understanding and application of the full-cost concept in a multimodal framework provides valuable input to the transportation planning process. Consequently, charging the full cost of transportation directly to the users will theoretically result in the most efficient use of public funds for transportation systems.
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