Abstract

This project identifies metrics for measuring the benefit of rail infrastructure projects for key stakeholders. It is important that stakeholders with an interest in community economic development play an active role in the development of the rail network. Economic development activities in both rural and urban settings are essential if a nation is to realize growth and prosperity. Many communities have developed goals and visions to establish an economic development program, but they often fail to achieve their goals due to uncertainties during the project selection and planning process. Communities often select a project from a vast pool of ideas with only limited capital available for investment. Selecting the right project at the right time becomes imperative for economic and community development. This process is significantly hampered by limited methods for quantifying the economic benefit to key stakeholders. Four methodologies are used in this project to determine the most useful tools for quantifying benefit given the availability of data, relevant expertise, and other information.

Department(s)

Engineering Management and Systems Engineering

Second Department

Civil, Architectural and Environmental Engineering

Comments

Project TR201410

Report Number

cmr 15-004

Document Type

Report - Technical

Document Version

Final Version

File Type

text

Language(s)

English

Rights

© 2015 Missouri. Department of Transportation, All rights reserved.

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