EVALUATING TRANSPORT CORRIDORS: AN ECONOMIC MODEL

THE TRANSPORT CORRIDOR APPROACH TO TRANSPORT PLANNING IS A MIXTURE OF THREE BASIC IDEAS: BUYING LAND EARLY, BUYING MORE LAND THAN IS REQUIRED FOR INITIAL TRANSPORT NEEDS, AND BUYING MORE LAND THAN WILL BE NEEDED FOR TRANSPORT ALONE. THE LAND IS HELD FOR A TIME IN A LOWER LEVEL OF USE THAN WOULD OTHERWISE DEVELOP, IN ORDER TO REDUCE TRANSPORT COSTS AND PROMOTE EFFICIENT USE OF THE LAND IN THE LONG RUN. TO ASSESS THE ECONOMICS OF THIS APPROACH TO TRANSPORT PLANNING REQUIRES A FRAMEWORK WITHIN WHICH COSTS AND BENEFITS CAN BE ANALYZED AND COMPARED. NO DIFFERENT TECHNIQUES ARE REQUIRED FOR THE IDENTIFICATION AND COMPARISON OF COSTS AND BENEFITS OF TRANSPORT CORRIDORS THAN OF OTHER TRANSPORT ROUTE PROPOSALS. BUT, BECAUSE OF THE LONGER TIME HORIZON INHERENT IN THE CORRIDOR, MUCH MORE ATTENTION MUST BE GIVEN TO PROBLEMS OF THE GENERAL RELATIONSHIPS OF COSTS AND BENEFITS TO TRANSPORT. GREATER RELIANCE MUST BE PLACED ON STATISTICAL ANALYSIS OF RIGHT- OF-WAY COSTS, FOR EXAMPLE. A CRITICAL QUESTION WHICH MUST BE ANSWERED WITHIN THE BENEFIT-COST FRAMEWORK IS WHEN A TRANSPORT CORRIDOR SHOULD BE PURCHAWED. THE OPTIMAL PURCHASE TIME IS WHEN THE PERCENTAGE INCREASE OF DELAYED ACQUISTION COSTS IS EQUAL TO, BUT IN THE FUTURE WILL EXCEED, THE ANNUAL HOLDING COST. /AUTHOR/

  • Supplemental Notes:
    • Vol 4, No 3, PP 255-264
  • Corporate Authors:

    J Transport Economics & Policy /UK

    ,    
  • Authors:
    • Goldberg, M A
    • Heaver, T D
  • Publication Date: 1970-9

Subject/Index Terms

Filing Info

  • Accession Number: 00200878
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Feb 12 1971 12:00AM