Economic and Development Implications of Transportation Disinvestment (2015) / Chapter Skim
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Pages 37-39
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37 Adequacy, Applicability, and Understanding of Tools Although a review of available methods, data, and tools finds that economic methods and tools are adequate for understanding the specific types of implications needed to understand disinvestment scenarios, most practitioners cite a practical need for more data and better models and information when facing a decision. For example, of the agencies surveyed for this synthesis, 36% find themselves disinvesting because assets deteriorate faster than originally expected and 39% find themselves disinvesting because demand grew faster than expected.
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38 For this reason, while the economic tools and techniques are available [and as demonstrated by the ASCE study (ASCE 2011) , the Washington State Department of Transportation (DOT)
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39 opportunities, as well as the data and technical needs for agencies to consistently identify and address disinvestment. The needed capacity building likely involves not only addressing the gaps enumerated in the previous section, but also clearly demonstrating how methods and data can most effectively be structured in a typical planning or analytical process.
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