The new study: Framework for Assessing the ROI for High-Speed and Intercity Rail Projects by the American Public Transportation Association
3 economic impacts considered beyond travel time & cost efficiency:
- cost-benefit
- economic impact
- social impact analysis
What does this new analysis include?
- regional connectivity
- global competitiveness effects
- broader consideration of the public’s desire to meet and exceed longer term environmental, economic and mobility goals for future generations
Why is this new analysis important?
- Current cost benefit analysis can be subjective
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“Public policy recognizes the multi-faceted nature of benefitts – including transformative and distributional effects – that occur at different spatial scales (national, regional and local), affect various subgroups of the population, and occur at different times.”