March 20, 2014 12:00PM (EST)
Cost-Benefit Analysis of Rural and Small Urban Transit
This research focuses on the benefits of public transit systems in small-urban and rural areas in the United States. First, a thorough review of previous cost-benefit literature is presented. Then, a framework is developed which focuses on three main areas of transit benefits most relevant to rural and small urban areas: transportation cost savings, low-cost mobility benefits, and economic benefits from transit operations. If transit is not provided in a community, then transit riders would have to choose among one of three options: use a different mode of transportation, do not make the trip, or relocate. This study estimates the cost savings from using transit in place of alternative modes and the significant costs that would result from trips foregone in the absence of transit. Results are presented both nationally and regionally to demonstrate the impacts of investments in rural and small-urban transit. View Handout
Presenters: Ranjit Godavarthy and Jeremy Mattson, Upper Great Plains Transportation Institute at North Dakota State University (NDSU)
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Approved: APA event #e.26575
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