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Current Practices for Assessing Economic Development Impacts from Transportation Investments

Current Practices for Assessing Economic Development Impacts from Transportation Investments
Author: Glen Weisbrod
Publisher: Transportation Research Board
Total Pages: 88
Release: 2000
Genre: Business & Economics
ISBN: 9780309068734

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This synthesis report will be of interest to DOT administrators, supervisors, and staff, as well as to the consultants working with them in assessing the economic development impacts of existing or proposed transportation investments. Metropolitan Planning Organization regional and local staffs might also find it informative. It is intended to help practicing planners become aware of the range of methods and analysis techniques available, organized by the different categories of agency needs, to address different types of planning, policy, and research needs. This synthesis summarizes the current state of the practice by means of a survey of transportation planning agencies in the United States, Canada, and the United Kingdom. This report provides reviews of the analysis methods used in recent project and program evaluation reports of these agencies, in addition to a bibliography of economic literature and guides.


Estimating Economic Impacts from Transportation Investments Using the Texas Statewide Analysis Model and TREDIS

Estimating Economic Impacts from Transportation Investments Using the Texas Statewide Analysis Model and TREDIS
Author: Samuel Felix Higgins
Publisher:
Total Pages: 226
Release: 2013
Genre:
ISBN:

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Economic analyses of transportation investments are a common component of transportation planning. The profile of economic analyses has continued to rise due to increasing budget constraints and increasing emphasis on infrastructure's role in spurring economic development. One tool that has been developed specifically for transportation economic impact evaluation is the Transportation Economic Development Impact System (TREDIS). Common inputs for TREDIS are changes in travel characteristics caused by network improvements. Another commonly used planning tool is a travel demand model. Since 2003, the Texas Department of Transportation (TXDOT) has worked on the development of the Statewide Analysis Model (SAM) which estimates travel characteristics for passenger and freight modes. Together, the models have the potential to improve project evaluation and to highlight the roles that certain projects have in creating economic development. The hypothesis explored for this study is that SAM and TREDIS can be feasibly used together to help TXDOT evaluate the economic impacts of investments in freight corridors and other transportation investments. This report begins with general discussions of transportation economic analyses and the two models used. Then, the current SAM is evaluated using TREDIS followed by a discussion of the results and ways that this type of integrated planning can be incorporated by agencies. Through this study, key results include: the process of incorporating results from the SAM for use in TREDIS is feasible, an overall benefit-cost ratio of 4 for the entire set of long range roadway projects included in the SAM and 8 for only the interstate projects included in the SAM, rail and other transportation analyses are feasible using SAM and TREDIS.


The Evaluation of Transportation Investment Projects

The Evaluation of Transportation Investment Projects
Author: Joseph Berechman
Publisher: Routledge
Total Pages: 427
Release: 2010-05-26
Genre: Business & Economics
ISBN: 1135214085

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This book constructs a comprehensive and methodical economic, planning and decision-making framework for the evaluation of proposed transportation infrastructure investment projects, based on well-established theoretical principles.


Interactions Between Transportation Capacity, Economic Systems, and Land Use

Interactions Between Transportation Capacity, Economic Systems, and Land Use
Author:
Publisher: Transportation Research Board
Total Pages: 62
Release: 2012
Genre: Business & Economics
ISBN: 030912932X

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"Strengthening the economic vitality of a region (jobs and income) is one of the primary reasons for investing in highway capacity. Elements of improving economic vitality include better access to markets and labor force, reduced cost of delay, reduced congestion, improved safety, reduced pollution, and a better quality of life. However, the ways in which new and improved highway capacity influences economic vitality are complex and often indirect. This project had three objectives: (1) to provide a resource to help determine the net changes in the economic systems of an area impacted by a transportation capacity investment; (2) to provide data and results from enough structured cases that project planners in the future can use the cases to demonstrate by analogy the likely impacts of a proposed project or group of projects (plan); and (3) to demonstrate how this fits into collaborative decision making for capacity expansion."--proj. desc. This project produced 100 case studies of already-built highway capacity projects and their economic development impacts. To accomplish this, the study team compiled pre/post economic and land development data and conducted local interviews, in order to portray the actual, observed economic development impacts of those projects. The results were put into a database and classified by type of project and local setting. An accompanying web tool, called T-PICS (Transportation Project Impact Case Studies), was developed to provide access to the case study information so it can be used to portray the range of economic development impacts occurring as a result of different types of projects in different settings.


Transport Network Planning

Transport Network Planning
Author: Patrick O'Sullivan
Publisher: Routledge
Total Pages: 190
Release: 2021-12-10
Genre: Social Science
ISBN: 100040322X

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Originally published in 1979 and with a case-study from Indonesia, this volume examines the question of planning the provision of transport facilities as a special case of the general planning problem. It deals with the modelling (including conceptual short-comings of it), analysis, estimation and control of transport planning and the challenges associated with planning in uncertainty. As well as devoting specific chapters to network planning, the book also provides background material on transport planning, locational theory and economics.