Considerations in the Development of Procedures for Prioritizing Transportation Improvement Projects in Virginia

Considerations in the Development of Procedures for Prioritizing Transportation Improvement Projects in Virginia

Author: John S. Miller

Publisher:

Published: 2002

Total Pages: 40

ISBN-13:

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The transportation programming process is undergoing a fundamental change akin to that which transpired with the advent of the Intermodal Surface Transportation Efficiency Act in 1991. Some stakeholders have expressed a desire that the programming process be transparent, and some have expressed an interest in using data-driven performance measures. Although there is widespread agreement concerning broad criteria, stakeholders may disagree over specific performance measures. Thus, transportation agencies have become interested in methods for selecting projects based on their merits rather than the more traditional approach of "first in first out." Accordingly, the Virginia Department of Transportation (VDOT) requested that the Virginia Transportation Research Council develop a template that VDOT could use to prioritize capital improvement projects. The role of the template is to help VDOT decide which project should be undertaken first. The scope of the template is limited to projects that are already being programmed. A template based on 14 of 75 performance measures examined was developed and applied to two projects. The template is oriented toward projects relating to the interstate and primary systems, but it is flexible enough that key policy choices can be made in its framework. These include controversial issues, such as access management and land use configurations, and more tedious but critical considerations, such as the relative importance of crash risk, infrastructure maintenance, economic development, and congestion relief. A promising benefit of the template is that it provides an opportunity to manage the debate as to the approach for deciding the order in which projects are programmed. The template will not eliminate disagreement, but it can foster discussion when parties have legitimate and differing opinions as to how projects should be prioritized. To that end, the template may be used as a discussion instrument between VDOT and some of its key stakeholders, including metropolitan planning organizations, planning district commissions, the Commonwealth Transportation Board, and advocacy groups who influence transportation infrastructure decisions


Framework and Tools for Estimating Benefits of Specific Freight Network Investments

Framework and Tools for Estimating Benefits of Specific Freight Network Investments

Author:

Publisher: Transportation Research Board

Published: 2011

Total Pages: 133

ISBN-13: 0309213568

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"This report provides a comprehensive analytical framework and related tools that private-sector freight transportation modes and public-sector transportation interests can use to estimate private and public benefits to evaluate potential freight infrastructure investments. Using interviews with transportation planners and an extensive review of prior research and a review of current methods used to assess freight benefits or prioritize improvement projects, the research developed a freight evaluation framework with three main functions: (1) to enhance public planning and decision-making processes regarding freight; (2) to supplement benefit/cost assessment with distributional impact measures; and (3) to advance public-private cooperation. The framework is capable of handling projects that span all of the different modes and able to assess benefits from a variety of project types, including those that improve freight operations, as well as generate more capacity through infrastructure expansion. The research, by developing a practical set of formats for information collection, will support public-private agency discussions by helping all parties understand the wide range of perspectives and interests in potential freight investments."--Pub. desc.


Capital Management and Budgeting in the Public Sector

Capital Management and Budgeting in the Public Sector

Author: Srithongrung, Arwiphawee

Publisher: IGI Global

Published: 2019-01-11

Total Pages: 400

ISBN-13: 1522573305

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To create an enhanced quality of life, attract business relocation, and enhance equity in access to public infrastructure, governmental bodies must take certain precautions with their money. Budgeting at such a high level requires careful evaluation and research that addresses every aspect of financial management. Capital Management and Budgeting in the Public Sector provides emerging research exploring the theoretical and practical aspects of long-term capital planning, annual capital budgeting, capital budget execution, and public spending evaluation. Featuring coverage on a broad range of topics such as fiscal federalism, political regime, and project execution management, this book is ideally designed for managers, accountants, professionals, practitioners, and researchers working in the areas of public finance and/or international development.


Public-Private Partnerships, Capital Infrastructure Project Investments and Infrastructure Finance

Public-Private Partnerships, Capital Infrastructure Project Investments and Infrastructure Finance

Author: Jane Beckett-Camarata

Publisher: Emerald Group Publishing

Published: 2020-10-20

Total Pages: 276

ISBN-13: 1839096543

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Through the introduction of a new lens through which to view infrastructure finance policy, this book analyses the role of Public Private Partnerships within the context of long-term capital investment and improvement planning, and as a critical aspect of effective long-term capital infrastructure finance policy.