Comparing Forecast and Actual Costs and Usage of Recent Highway and Transit Projects PDF Download

Author: José A. Gómez-Ibáñez
Publisher:
ISBN:
Category : Local transit
Languages : en
Pages : 16

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Author:
Publisher: DIANE Publishing
ISBN: 1428931139
Category :
Languages : en
Pages : 92

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Book Description
Projections of future passenger and freight travel suggest that increased levels of investment may be needed to maintain the current levels of mobility provided by the nation's highway and transit systems. However, calls for greater investment in transportation come amid growing concerns about fiscal imbalances at all levels of the government. As a result, careful decisions will need to be made to ensure that transportation investments maximize the benefits of each federal dollar invested. In this report GAO identifies (1) the categories of benefits and costs that can be attributed to new highway and transit investments and the challenges in measuring them; (2) how state, local, and regional decision makers consider the benefits and costs of new highway and transit investments when comparing alternatives; (3) the extent to which investments meet their projected outcomes; and (4) options to improve the information available to decision makers. To address these objectives, we convened an expert panel, surveyed state departments of transportation and transit agencies, and conducted site visits to five metropolitan areas that had both a capacity-adding highway project and transit project completed within the last 10 years. DOT generally agreed with the report's findings and offered technical comments, which were incorporated as appropriate.

Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 100

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Author: David S. Kriger
Publisher: Transportation Research Board
ISBN: 0309097762
Category : Transportation
Languages : en
Pages : 113

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Book Description

Author: Stuart D. Anderson
Publisher: Transportation Research Board
ISBN: 0309098750
Category : Highway planning
Languages : en
Pages : 290

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Book Description
'TRB's National Cooperative Highway Research Program (NCHRP) Report 574: Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction explores approaches to cost estimation and management designed to overcome the root causes of cost escalation and to support the development of consistent and accurate project estimates through all phases of the development process, from long-range planning, through priority programming, and through project design. NCHRP Web-Only Document 98 details the steps followed by the research team in the development of NCHRP Report 574"--Publisher's description.

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Air quality management
Languages : en
Pages : 40

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Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 1437931219
Category : Transportation
Languages : en
Pages : 622

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Book Description
This Conditions and Performance (C&P) report is intended to provide decision makers with an objective appraisal of the physical conditions, operational performances, and financing mechanisms of highways, bridges, and transit systems based both on the current state of these systems and on the projected future state of these systems under a set of alternative future investment scenarios. This report offers a comprehensive, data-driven background to support the development and evaluation of legislative, program, and budget options at all levels of government. This report consolidates conditions, performance, and financial data provided by States, local governments, and mass transit operators to provide a national-level summary. Illus.

Author: United States. Congress. House. Committee on Appropriations
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 1260

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Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102944600
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
This NAO report examines how the costs of building and improving roads are estimated and monitored from early forecasts through to the final cost of schemes. The Department for Transport has approved expenditure of over £11 billion between 1998 and 2021 for the development of new and existing trunk roads and motorways by the Highways Agency, and just under £1.7 billion on major road schemes proposed and developed by local authorities in five year Local Transport Plans. The report finds that robust estimating is a key factor in delivering value for money from road schemes but represents a difficult and challenging task given the timescale of major road projects and the number of potential variables, some of which are outside of the direct control of the Agency and local authorities, such as the outcomes of public inquiries and construction inflation. It recognises the work being undertaken to improve the Agency's estimating processes, and the Department's review of proposals put forward by local authorities. However, there is scope for further improvements, for example to improve the evaluation of completed schemes and examine costs against budget and the scheme's progress against timetable so that they have better information to prepare estimates, and improving how the Department and the Agency work together by better sharing of lessons learned with each other and local authorities.

Author: Glen Weisbrod
Publisher: Transportation Research Board
ISBN: 9780309068734
Category : Business & Economics
Languages : en
Pages : 88

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Book Description
This synthesis report will be of interest to DOT administrators, supervisors, and staff, as well as to the consultants working with them in assessing the economic development impacts of existing or proposed transportation investments. Metropolitan Planning Organization regional and local staffs might also find it informative. It is intended to help practicing planners become aware of the range of methods and analysis techniques available, organized by the different categories of agency needs, to address different types of planning, policy, and research needs. This synthesis summarizes the current state of the practice by means of a survey of transportation planning agencies in the United States, Canada, and the United Kingdom. This report provides reviews of the analysis methods used in recent project and program evaluation reports of these agencies, in addition to a bibliography of economic literature and guides.