RAIL MODERNIZATION BENEFITS ANALYSIS: IDENTIFICATION OF BENEFITS AND BENEFICIARIES. EXECUTIVE SUMMARY
This report presents a three-level taxonomy of benefits which may result from urban rail transit modernization projects. The levels--system performance, effects on users and operators and effects on society--are successively more important and more complex. The report recommends focussing project evaluation at the second level of the taxonomy--i.e., an operator cost savings and traveler benefits due to rail modernization. Methods for predicting and evaluating benefits in these categories are presented. A parallel taxonomy of rail modernization beneficiaries is developed, focussing on the potential for capturing some of the monetary value of benefits to contribute to modernization costs. The report concludes that explicit benefit analysis is both desirable and feasible; that there are real prospects for beneficiary participation in financing rail modernization; and that additional studies are needed to develop a solid capability to predict rail improvement benefits.
Consortium of Governmental Counselors, Inc1625 Hinman Avenue
Evanston, IL United States 60201
Urban Mass Transportation Administration400 7th Street, SW
Washington, DC United States 20590
- Schofer, J L
- Haefele, E T
- Publication Date: 1983-12
- Pagination: 171 p.
- TRT Terms: Benefit cost analysis; Driver rehabilitation; Financing; Light rail transit; Modernization; Operating costs; Property values; Rapid transit; Value capture
- Uncontrolled Terms: Justification; Rehabilitation
- Subject Areas: Finance; Public Transportation;
- Accession Number: 00386310
- Record Type: Publication
- Report/Paper Numbers: UMTA-IL-06-0055 Final Rpt.
- Contract Numbers: IL-06-0055
- Files: TRIS, USDOT
- Created Date: Jul 30 1984 12:00AM