Measuring Transportation Investments: The Road to Results

The Rockefeller Foundation
Pew Center on the States
May 2011

States spent an estimated $131 billion on transportation in fiscal year 2010, but many cannot answer critical questions about what returns this investment is generating, according to Measuring Transportation Investments: The Road to Results, a new report by the Pew Center on the States and the Rockefeller Foundation. The report found considerable differences among the 50 states and the District of Columbia in linking transportation systems to six key goals particularly important to states' economic well-being and taxpayers' quality of life: safety, jobs and commerce, mobility, access, environmental stewardship and infrastructure preservation.

Factsheets

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Full summary

Improving the practice of transport project appraisal

Round Table 21-22 October 2010, Queretaro, Mexico.
Summary and Conclusions.
Discussion Paper No 2011-01
November 2010
International Transport Forum

Cost-benefit analysis (CBA) is indispensable for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money. However, the practical relevance of CBA does not always live up to its appeal in principle. One problem is that there is sometimes disagreement over what to include in CBA, both on the cost side and the benefits side of the analysis. As a result, value for money is not always fully transparent. More politically, value for money is only a partial criterion for decision-making, leading to disagreement about the relative importance of the results from CBA compared to other inputs to the decision-making process.

This report examines the extent to which these shortcomings can be addressed. In terms of what to include in CBA, discussion focuses on equity and distributional impacts, productivity effects, agglomeration benefits and external costs. The focus then turns to how best to present guidance on project selection to decision makers. The report includes papers on the way CBA is used in three countries – France, Mexico and the United Kingdom – and how it is evolving in response to changing policy priorities.

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Anuario de la movilidad 2008

RACC
2009

Contenido:

A BLOQUE ANALÍTICO
La incorporación de las consideraciones medioambientales en el análisis coste-beneficio de inversiones de transporte
Ginés de Rus

Buenos deseos y dosis de realidad Actitudes y comportamientos de los españoles ante la movilidad y el medio ambiente
Víctor Pérez Díaz y Juan Carlos Rodríguez

Salud y Movilidad Urbana
Ángel Aparicio

Movilidad sostenible: una cuestión de lugar y género
Andrés Monzón, Cristina Valdés y Geng Xue

La congestión en las vías de acceso a las ciudades de Barcelona y Madrid
Miguel Ángel Moll y Miquel Nadal

Accesibilidad al empleo y transporte en áreas urbanas
Anna Matas y José Luis Roig

La inversión del sector público central en infraestructuras de transporte
Marta Espasa

La eficacia de las políticas contra la siniestralidad vial: El caso de la regulación del límite de alcohol en sangre
Daniel Albalate

La dinámica de vuelos intercontinentales directos desde aeropuertos europeos
Germà Bel y Xavier Fageda

B INDICADORES HISTÓRICOS

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Economic valuation of development projects: a case study of a non-motorized transport project in India

Hua Wang; Ke Fang; Yuyan Shi
World Bank
September 2010

One of the major difficulties in doing cost-benefit analysis of a development project is to estimate the total economic value of project benefits, which are usually multi-dimensional and include goods and services that are not traded in the market. Challenges also arise in aggregating the values of different benefits, which may not be mutually exclusive. This paper uses a contingent valuation approach to estimate the economic value of a non-motorized transport project in Pune, India, across beneficiaries. The heads of households which are potentially affected by the project are presented with a detailed description of the project, and then are asked to vote on whether such a project should be undertaken given different specifications of costs to the households. The total value of the project is then derived from the survey answers. Econometric analysis indicates that the survey responses provide generally reasonable valuation estimates.

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Quantification of the non-transport benefits resulting from rail investment

David Banister and Mark Thurstain-Goodwin
Journal of Transport Geography
June 2010

Traditional methods of evaluation have not been very successful in accounting for non-transport benefits resulting from rail investments. But increasingly, these factors are becoming more important in well-developed transport networks, as the effects of additional links or capacity cannot be justified in transport terms alone. This paper brings together the evidence at three separate levels arguing that there are different impacts that must be investigated at different levels with appropriate methods. At the macroeconomic level, regional network effects can be identified, as can the impacts on the economy as measured through changes in output and productivity. At the meso level, the impacts relate more to agglomeration economies and labour market effects, with some additional network and environmental consequences. At the micro level, the impacts are determined by the land and property market effects. Examples of rail investment are given for each of the scales of analysis, and conclusions are drawn on the future directions and challenges for the quantification of both transport and non-transport benefits.

1. Introduction
2. Macro economic effects – impacts on economic growth
2.1. Case Study 1 – the channel tunnel rail link (CTRL) in London
3. Meso economic effects – impacts on agglomeration
3.1. Case Study 2 – the Crossrail line (CL) in London
4. Micro economic effects – impacts on land and property values
4.1. Case Study 3 – the Jubilee Line Extension (JLE) in London
5. Comments and conclusions
Acknowledgements
References

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