The American Association of State Highway and Transportation Officials recently published Framework for Assessing the Business Case ROI for Intercity Passenger Rail Corridor Investments, 1st Edition.
EBP US Inc., with assistance from the Mineta Transportation Institute, prepared this new guide, which is a joint publication between AASHTO and the American Public Transportation Association.
The new rail guide seeks to assist cities, metropolitan agencies, state departments of transportation, and Federal agencies by providing a common methodology, utilizing best practice methods, to measure public benefits and assess return on investment for proposed high-speed and intercity passenger rail projects, AASHTO said.
The new publication also aims to assist public agencies in assessing whether and how they can most appropriately participate in supporting and enabling these projects.
To accomplish this goal, the guide lays out ways to produce more robust and useful economic benefit evaluations, with results that can align widely recognized benefits and corresponding cost contributions, AASHTO noted.