Quantifying Economic Benefits for Rail Infrastructure Projects

This project identifies metrics for measuring the benefit of rail infrastructure projects for key stakeholders. It is important that stakeholders with an interest in community economic development play an active role in the development of the rail network. Economic development activities in both rural and urban settings are essential if a nation is to realize growth and prosperity. Many communities have developed goals and visions to establish an economic development program, but they often fail to achieve their goals due to uncertainties during the project selection and planning process. Communities often select a project from a vast pool of ideas with only limited capital available for investment. Selecting the right project at the right time becomes imperative for economic and community development. This process is significantly hampered by limited methods for quantifying the economic benefit to key stakeholders.

Language

• English

Project

• Status: Completed
• Funding: $29800.00
• Contract Numbers:

  DTRT12-G-UTC07

• Sponsor Organizations:

  Research and Innovative Technology Administration

  University Transportation Centers Program
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Performing Organizations:

  Missouri University of Science & Technology, Rolla

  Department of Engineering
  202 University Center
  Rolla, MO    65409
• Principal Investigators:

  Betak, John

  Myers, John

  Qin, Ruwen

  Long, Suzanna

• Start Date: 20130701
• Expected Completion Date: 0
• Actual Completion Date: 20141231
• Source Data: RiP Project 34784

Subject/Index Terms

• TRT Terms: Economic benefits; Economic development; Infrastructure; Railroads; Strategic planning; Uncertainty
• Uncontrolled Terms: Quantifying
• Subject Areas: Economics; Planning and Forecasting; Railroads;

Filing Info

• Accession Number: 01487950
• Record Type: Research project
• Source Agency: Mid-America Transportation Center
• Contract Numbers: DTRT12-G-UTC07
• Files: UTC, RIP
• Created Date: Jul 24 2013 1:01AM