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20 A Guidebook for Corridor-Based Statewide Transportation Planning Project and Corridor Investment Program Step Reason Given the limited amount of funding to meet all of the state transportation needs, some form of project 23. Establish common prioritization must occur. Project priorities can be approaches or methods established in many ways. This step will establish for assigning project consistency in the ways that priorities are assigned priorities. and used in the process of defining a corridor investment program. Given that a range of corridor strategies will be considered and possibly recommended as part of 24. Develop templates that the corridor study, the state DOT should provide provide information on information on the feasibility of different financing the feasibility of strategies for transportation investments. For different financial example, the characteristics of successful public- strategies for corridor private partnerships (PPPs) and the types of investment. projects for which they are applicable should be part of the information available to corridor decisionmakers. This step will define the format and content of the 25. Establish a common information that is reported to the state DOT for reporting format to the projects that are state funded. This format could be state DOT on the structured by project category (e.g., capacity results of the corridor expansion, safety, public transit, etc.) or by overall study or analysis. priority (No. 1 project, No. 2 project, etc.). Identify Statewide Investment Program and System Management Strategy Step Reason This step establishes the process for using different corridor study input to define the fiscally 26. Establish a process for constrained statewide investment program or the using information statewide transportation plan. This could entail from corridor analysis process guidance on internal DOT organizational for the statewide plan responsibilities as well as technical guidance on update and for STIP how corridor study information will be used. It is development. likely that the results of the corridor studies will be only part of the information that will be used to develop a statewide investment program. Corridor studies could recommend actions other 27. Establish a process for than implementing projects. For example, a study considering non- might recommend the use of access management investment strategies policies to preserve highway capacity or the within the context of a adoption by local governments of smart-growth statewide principles to control development. These strategies transportation plan or should be considered as part of statewide adopted state DOT transportation policy development, and this step policies. provides a path for this to occur. 28. Monitor the ongoing To be effective, the SWCP process needs to be SWCP process and flexible in responding to the changing needs of the modify it as needed. state; thus, the state DOT should regularly assess the effectiveness of the SWCP process and modify it when and where appropriate. It seems likely that state DOT officials will identify areas in the SWCP process where continuing improvements can be made.