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Methods for evaluation of transportation projects in the USA

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  • Lee, D. B.

Abstract

"Projects", as the term is used here, are capital investments--from resurfacing streets to multi-billion dollar construction--that create transportation infrastructure. "Methods" are primarily benefit-cost analysis, although other frameworks have been, and still remain, in use. Most projects are constructed by public agencies and authorities, primarily at the state and local level, but the federal government is the dominant source of evaluation guidance because most transportation projects use some share of federal funds. Benefit-cost analysis (BCA or BC) is a decision framework for government agencies to use in considering the desirability of taking alternative actions, whether investment, operations, or regulation. This survey describes the use of BCA by US transportation agencies, comparing theory, published guidance, and actual practice.

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  • Lee, D. B., 2000. "Methods for evaluation of transportation projects in the USA," Transport Policy, Elsevier, vol. 7(1), pages 41-50, January.
    • Handle: RePEc:eee:trapol:v:7:y:2000:i:1:p:41-50
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    References listed on IDEAS

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    1. Major, Iván, 2004. "A korlátozó szabályozástól az ösztönző szabályozásig. A közlekedés szabályozása az Európai Unióban és Magyarországon [From restricting regulation to incentive regulation. Transport regulation in th," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 501-529.
    2. Zhou, You & Jessup, Eric & Lang, Xiaodong, 2019. "Improved methodology for benefit estimation of highway pavement projects," Research in Transportation Economics, Elsevier, vol. 77(C).
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    4. Jan Anne Annema, 2013. "The use of CBA in decision-making on mega-projects: empirical evidence," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 13, pages 291-312, Edward Elgar Publishing.
    5. Chou, Jui-Sheng & Chien, Ya-Ling & Nguyen, Ngoc-Mai & Truong, Dinh-Nhat, 2018. "Pricing policy of floating ticket fare for riding high speed rail based on time-space compression," Transport Policy, Elsevier, vol. 69(C), pages 179-192.
    6. Shi, Jing & Zhou, Nian, 2012. "A quantitative transportation project investment evaluation approach with both equity and efficiency aspects," Research in Transportation Economics, Elsevier, vol. 36(1), pages 93-100.
    7. Mouter, Niek & Annema, Jan Anne & van Wee, Bert, 2013. "Ranking the substantive problems in the Dutch Cost–Benefit Analysis practice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 241-255.
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    10. Jan Anne Annema & Koen Frenken & Carl Koopmans & Maarten Kroesen, 2017. "Relating cost-benefit analysis results with transport project decisions in the Netherlands," Letters in Spatial and Resource Sciences, Springer, vol. 10(1), pages 109-127, March.
    11. Cundric, A. & Kern, T. & Rajkovic, V., 2008. "A qualitative model for road investment appraisal," Transport Policy, Elsevier, vol. 15(4), pages 225-231, July.
    12. Marleau Donais, Francis & Abi-Zeid, Irène & Waygood, E. Owen D. & Lavoie, Roxane, 2019. "Assessing and ranking the potential of a street to be redesigned as a Complete Street: A multi-criteria decision aiding approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 1-19.
    13. Hayashi, Y. & Morisugi, H., 2000. "International comparison of background concept and methodology of transportation project appraisal," Transport Policy, Elsevier, vol. 7(1), pages 73-88, January.
    14. Macharis, Cathy & Bernardini, Annalia, 2015. "Reviewing the use of Multi-Criteria Decision Analysis for the evaluation of transport projects: Time for a multi-actor approach," Transport Policy, Elsevier, vol. 37(C), pages 177-186.
    15. Junn-Yuan Teng & Wen-Chih Huang & Maw-Cherng Lin, 2010. "Systematic budget allocation for transportation construction projects: a case in Taiwan," Transportation, Springer, vol. 37(2), pages 331-361, March.
    16. Nijland, H. A. & Van Kempen, E. E. M. M. & Van Wee, G. P. & Jabben, J., 2003. "Costs and benefits of noise abatement measures," Transport Policy, Elsevier, vol. 10(2), pages 131-140, April.
    17. Eda Ustaoglu & Brendan Williams & Laura O. Petrov & Harutyun Shahumyan & Hedwig Van Delden, 2017. "Developing and Assessing Alternative Land-Use Scenarios from the MOLAND Model: A Scenario-Based Impact Analysis Approach for the Evaluation of Rapid Rail Provisions and Urban Development in the Greate," Sustainability, MDPI, vol. 10(1), pages 1-34, December.
    18. Shladover, Steven E. & Miller, Mark A. & Yin, Yafeng & Balvanyos, Tunde & Bernheim, Lauren & Fishman, Stefanie R. & Amirouche, Farid & Mahmudi, Khurran T. & Gonzalez-Mohino, Pedro & Solomon, Joseph & , 2004. "Assessment of the Applicability of Cooperative Vehicle-Highway Automation Systems to Bus Transit and Intermodal Freight: Case Study Feasibility Analyses in the Metropolitan Chicago Region," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt7227d024, Institute of Transportation Studies, UC Berkeley.
    19. Zhou, You & Zhang, Lingzhu & JF Chiaradia, Alain, 2022. "Estimating wider economic impacts of transport infrastructure Investment: Evidence from accessibility disparity in Hong Kong," Transportation Research Part A: Policy and Practice, Elsevier, vol. 162(C), pages 220-235.
    20. Nir Sharav & Yoram Shiftan, 2021. "Optimal Urban Transit Investment Model and Its Application," Sustainability, MDPI, vol. 13(16), pages 1-29, August.

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