Quantifying Economic Benefits for Rail Infrastructure Projects

This project identifies metrics for measuring the benefit of rail infrastructure projects for key stakeholders. It is important that stakeholders with an interest in community economic development play an active role in the development of the rail network. Economic development activities in both rural and urban settings are essential if a nation is to realize growth and prosperity. Many communities have developed goals and visions to establish an economic development program, but they often fail to achieve their goals due to uncertainties during the project selection and planning process. Communities often select a project from a vast pool of ideas with only limited capital available for investment. Selecting the right project at the right time becomes imperative for economic and community development. This process is significantly hampered by limited methods for quantifying the economic benefit to key stakeholders.

Language

English

Project

Status: Completed
Funding: $29800.00
Contract Numbers:
DTRT12-G-UTC07
Sponsor Organizations:
Research and Innovative Technology Administration

University Transportation Centers Program
1200 New Jersey Avenue, SE
Washington, DC United States 20590
Performing Organizations:
Missouri University of Science & Technology, Rolla

Department of Engineering
202 University Center
Rolla, MO 65409
Principal Investigators:
Betak, John

Myers, John

Qin, Ruwen

Long, Suzanna
Start Date: 20130701
Expected Completion Date: 0
Actual Completion Date: 20141231
Source Data: RiP Project 34784

Subject/Index Terms

TRT Terms: Economic benefits; Economic development; Infrastructure; Railroads; Strategic planning; Uncertainty
Uncontrolled Terms: Quantifying
Subject Areas: Economics; Planning and Forecasting; Railroads;

Filing Info

Accession Number: 01487950
Record Type: Research project
Source Agency: Mid-America Transportation Center
Contract Numbers: DTRT12-G-UTC07
Files: UTC, RIP
Created Date: Jul 24 2013 1:01AM