Estimating the Economic Impacts of Multimodal Transportation Improvements

Project selection and prioritization is of the utmost importance to federal, state and local agencies, and should be performed cautiously based on the estimated project costs and benefits. Informed resource allocation decisions among project candidates maximize public investment benefits and create economic opportunities that ultimately improve the quality of life. The objective of this research is to quantify the broader economic impacts of different types of transportation infrastructure investment. The research team integrated the Maryland Statewide Transportation Model with the Strategic Highway Research Program 2 (SHRP2) Capacity Project C11 tools and showcased this integration through four (4) case studies. Using the SHRP2 C11 suite of tools (“Development of Improved Economic Analysis Tools"), the authors estimate the improvement of travel time reliability and the changes in market access in the study area following the new investment, in performance and monetary terms.

• Record URL:
  http://www.roads.maryland.gov/OPR_Research/MD-16-SHA-UM-3-17_Economic-Impacts_Report.pdf
• Record URL:
  https://rosap.ntl.bts.gov/view/dot/39274
• Summary URL:
  https://rosap.ntl.bts.gov/view/dot/39275
• Corporate Authors:

  University of Maryland, College Park

  College Park, MD  United States  20742

  Maryland State Highway Administration

  Office of Policy and Research, 707 North Calvert Street
  Baltimore, MD  United States  21202
• Authors:
  • Zhang, Lei
  • Schonfeld, Paul
  • Kastrouni, Eirini
  • Shayanfar, Elham
  • He, Xiang
• Publication Date: 2016-2

Language

• English

Media Info

• Media Type: Digital/other
• Edition: Final Report
• Features: Appendices; Figures; Maps; References; Tables;
• Pagination: 59p

Subject/Index Terms

• TRT Terms: Case studies; Construction projects; Economic impacts; Infrastructure; Investments; Multimodal transportation; Resource allocation; Travel demand; Travel time
• Identifier Terms: Strategic Highway Research Program 2
• Geographic Terms: Maryland
• Subject Areas: Economics; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01594697
• Record Type: Publication
• Report/Paper Numbers: MD-16-SHA-UM-3-17
• Contract Numbers: SP409B4M
• Files: NTL, TRIS, ATRI, STATEDOT
• Created Date: Mar 30 2016 9:46AM