For instance, nearly all air and marine freight also involves truck or rail travel to and from terminals, while most rail freight also relies on trucks for local access. The result is that any evaluation of new freight transportation projects can become complex, as it can involve a range of public and private interests.
To address this issue, the US Department of Transportation commissioned the development of a new Guide to Quantifying the Economic Impacts of Federal Investments in Large-Scale Freight Transportation Projects. The guide lays out a straightforward sequence of steps for evaluating the economic benefits and impacts of investment in large-scale, multi-modal projects. It is applicable for agencies considering upgrading, expanding or building any new freight facility that involves multiple modes of freight, including any air freight, marine port or intermodal truck/rail loading facilities.
Transportation writers and planners at all levels are invited to obtain a copy of the new Guide, prepared by the team of Cambridge Systematics, Economic Development Research Group and Boston Logistics Group.
The guide includes an analysis framework, tools and procedures for evaluating economic benefits of large capital investment freight projects. The framework is designed to: (1) identify the range of economic effects of freight investments, (2) distinguish first order effects from downstream effects, (3) identify effects on different beneficiaries, (4) determine the geographic scope of effects, (5) determine the magnitude of benefits, and (6) compare relative costs and benefits across projects.
Economic Development Research Group, Inc. (EDR Group) is a consulting firm focusing specifically on applying state-of-the-art tools and techniques for evaluating economic development performance, impacts and opportunities associated with infrastructure programs and projects.