New study provides framework for determining ROI in High-Speed and Intercity Passenger Rail corridors
October 18th, 2017
October 5, 2017 - MassTransitMag.com -
A new report released by the American Public Transportation Association provides a framework for assessing the return on investment (ROI) associated with high-speed and intercity passenger rail projects (HSR&IPR). This seminal report called "Framework for Assessing the ROI for High-Speed and Intercity Rail Projects" goes beyond the confines of the classic "benefit cost analysis" — which focuses on travel time and cost efficiency impacts.
This new analysis considers the full range of local community effects, regional connectivity and global competitiveness effects, and broader consideration of the public's desire to meet and exceed longer term environmental, economic and mobility goals for future generations.
"For communities to get a complete picture of high-speed and intercity passenger rail and its benefits, the analysis should involve a combination of methods including a cost-benefit, an economic impact, and a social impact analysis," said Anna Barry of the Connecticut DOT and the chair of the APTA High-Speed and Intercity Passenger Rail Committee. "This study brings important measurement elements together which will help reveal the true value of these rail projects."
Read more: http://www.masstransitmag.com/press_release/12372625/new-study-provides-framework-for-determining-roi-in-high-speed-and-intercity-passenger-rail-corridors
A new report released by the American Public Transportation Association provides a framework for assessing the return on investment (ROI) associated with high-speed and intercity passenger rail projects (HSR&IPR). This seminal report called "Framework for Assessing the ROI for High-Speed and Intercity Rail Projects" goes beyond the confines of the classic "benefit cost analysis" — which focuses on travel time and cost efficiency impacts.
This new analysis considers the full range of local community effects, regional connectivity and global competitiveness effects, and broader consideration of the public's desire to meet and exceed longer term environmental, economic and mobility goals for future generations.
"For communities to get a complete picture of high-speed and intercity passenger rail and its benefits, the analysis should involve a combination of methods including a cost-benefit, an economic impact, and a social impact analysis," said Anna Barry of the Connecticut DOT and the chair of the APTA High-Speed and Intercity Passenger Rail Committee. "This study brings important measurement elements together which will help reveal the true value of these rail projects."
Read more: http://www.masstransitmag.com/press_release/12372625/new-study-provides-framework-for-determining-roi-in-high-speed-and-intercity-passenger-rail-corridors