MAJOR INVESTMENT STUDIES - A VALUE-ADDED APPROACH

With the final rule-making on Major Investment Studies (MISs) out since October 28, 1993, we are already in the early throngs and gnashing of the reauthorization of the Intermodal Surface Transportation Efficiency Act (ISTEA). MISs in transportation, as outlined in ISTEA and defined in federal rule-making, are being scrutinized and, in some arenas, criticized. The purpose of this paper is to present MISs as being good business and sound planning because they provide a value-added approach to planning and capital investment decision making on transportation improvements. In summary, MISs add value to the traditional undertaking of corridor transportation studies. By focusing early attention on problem definition and by airing a wide variety of transportation, community, and environmental concerns early in the planning process, the MIS offers a rational and sound approach to transportation decision making at the local and regional level. With time, the effectiveness of the MIS process will be more accurately determined. Two and one-half years is not enough time to evaluate the impact of MISs on the project development process; however, by getting a wide variety of publics involved early in the process, by defining issues early and broadly, and by tailoring alternative transportation solutions to local and regional problems, MISs do offer a value-added approach to decision making.

Language

  • English

Media Info

  • Pagination: p. 71-72
  • Monograph Title: CONFERENCE ON MAJOR INVESTMENT STUDIES IN TRANSPORTATION (MIS)
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00727192
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Sep 30 1996 12:00AM