There’s a saying: “forecasts are always wrong.” But we, as planners and analysts, spend a great deal of our time and energy trying to anticipate and plan for the future. How then, do we manage a world of compounding and multiple uncertainties?
The Transportation Research Board's (TRB's) National Cooperative Research Highway Research Program (NCHRP) recently released Report 873: Guidebook to Funding Transportation Through Land Value Return and Recycling.
Tags: #value capture
A couple of weeks ago, Steve Landau and I visited Columbus to start up a new project with the Columbus Regional Airport Authority. Over the next few months, EDR Group will be investigating, quantifying, and (perhaps most importantly!) describing the myriad ways in which the Columbus airport system contributes to the economy of the city, region, and state.
This morning I attended a session entitled "What's It Worth to You? Incorporating Tranportation Asset Value." The session addressed the methods for determining, monitoring, and updating the value of transportation assets to support ongoing reporting and investment planning. It's a topic I find inherently interesting because I think we don't spend enough time asking ourselves to describe the value of our complex and extensive transportation systems--whether from the perspective of the replacement value for existing physical infrastructure, or from the viewpoint of the role such infrastructure supports the basic functioning of society and the economy.
This year at the Transportation and Economic Development Committee at TRB, I had the benefit of hearing a presentation by Binjam Reja of the World Bank about the One Belt One Road Initiative. For those, like me, who haven't been plugged into the intersection of international development, geopolitics, and transportation -- the "B&R" is a massive infrastructure iniative launched by China with the intent of strengthening both land and maritime connection between China and other major Eurasian economies. The corridor-based multimodal framework for investment in infrastructure is intended to improve connectivity among 65 countries, 4.4 billion people and about 40 percent of global GDP. There is substantial funding behind this still emerging effort:
Thanks Waheed for capturing our Energy Team in action at the inaugural TRB 2018 War Games!
It's that time of year again - barely back from winter break and in this case some wintery weather mayhem, we rush collectively into the 2018 TRB Annual Meeting. Unlike last year, I'll be flying out of Pittsburgh, my new homebase to get to Washington, D.C. But just like last year I'll be using this blog to share what I see, do, and learn at TRB.
We all know some variation of the saying, what you measure is what you get. At EDR Group, we work with States and regions to help choose the right things to measure – whether for performance management over time or to support project evaluation and prioritization – and to understand how those choices affect long-term policy implementation.
On the affirmative obligation to address past discrimination: When it's time to reconstruct infrastructure, can we address exclusionary design that was put in place 50-60 years ago?