Prioritization of Public Transportation Investments: A Guide for Decision-Makers (2021) / Chapter Skim
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Pages 59-62
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From page 59... ...
59 Conclusions 7.1 Key Findings Because the demand for public transportation investments far exceeds the funds available, agencies need proven methods to decide where to allocate limited resources. In this environment of limited funding and tough choices, performance-based investment decision-making empowers agencies to be more accountable, transparent, and rigorous with respect to the multiple objectives of transportation investments -- including both traditional traveler bene ts and broader societal bene ts and equity outcomes.
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From page 60... ...
60 Prioritization of Public Transportation Investments: A Guide for Decision-Makers prioritization incorporates a wide range of objectives and measures reflecting transit benefits: travel efficiency (travel-time cost savings, congestion reduction, and reliability) , affordable access, enhanced economic development, safety, and reducing negative impacts of travel on the environment.
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From page 61... ...
Conclusions 61 7.2 Further Research is guidebook identi es realistic approaches to transit prioritization that are appropriate to the realities of communities of di erent types. ese approaches hold promise for "leveling the playing eld" when comparing and prioritizing capital investments across multiple modes.
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From page 62... ...
62 Prioritization of Public Transportation Investments: A Guide for Decision-Makers Additional research could support decision-making by advancing methods for building uncertainty into project prioritization, whether through ranking projects under multiple futures to identify those that are most resilient or by addressing the relative certainty or uncertainty of individual decision criteria. Many uncertain drivers of future transportation needs and performance such as land use and modes of technology adoption are particularly important to transit.
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