A Guide to Assess, Measure, and Communicate the Public Value of Transportation

n contrast to businesses providing shareholder value through revenue generation and profit sharing, the public sector operates from a monetary public entrustment to provide public goods and services for the benefit of society, referred to as the generation of public value. The public investments made to generate public goods obligate the public sector to understand the vision and goals of the served community. Further, the public sector must be efficient, effective, and resilient in managing its resources to create public value.    Transportation agencies build public value through their investments in transportation networks and services for system users by providing safe and efficient access to destinations. Ideally, this public value would reinforce sustained public confidence in transportation agencies to achieve societal goals through investments in projects and services. However, quantifying and communicating public value is a challenge to transportation agencies at all levels of government. Research is needed to assist transportation agencies in identifying and communicating the public value generated for communities. OBJECTIVE: The objective of this project is to develop a guide that (1) defines public value for transportation agencies; (2) identifies methods for assessing, measuring, and communicating the public value generated by transportation; and (3) showcases the role public value creation plays in achieving societal goals. 

• Record URL:
  • http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=5706
• Supplemental Notes:
  • Contract to a Performing Organization has not yet been awarded.

Language

• English

Project

• Funding: $300000
• Contract Numbers:

  Project 23-48

• Sponsor Organizations:

  National Cooperative Highway Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC  United States  20001

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590

  American Association of State Highway and Transportation Officials (AASHTO)

  444 North Capitol Street, NW
  Washington, DC  United States  20001
• Project Managers:

  Wadsworth, Trey

• Start Date: 20241216
• Expected Completion Date: 0
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Asset management; Communities; Customer satisfaction; Decision making; Lessons learned; Transportation departments; Transportation policy; Valuation
• Subject Areas: Planning and Forecasting; Society; Transportation (General);

Filing Info

• Accession Number: 01919152
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 23-48
• Files: TRB, RIP
• Created Date: May 20 2024 10:08PM