As cities continue to grow and remained focused on reaching their optimum level of success, it is important that people understand the importance of a strong transportation infrastructure. Cities tend to be focused on ways to be competitive, attract capital, and to build a strong vibrant economy. The underlying factor to support the economy is mobility, which comes from a sustainable transportation network.
This paper aims to build an integrative understanding of the kinds of benefits that accrue from passenger rail investment. The factors that impact the return on investment for passenger rail are imperative for determining what types of investments have the most benefits, for which type of rail, and for what demographic.
This research should be used by transportation industry leaders interested in developing new and/or increased service to learn ways of creating public/private support and ways of obtaining funding for passenger rail projects that have been successful in other projects and are referenced in the insights and data the paper provides.
This research is presumed to create viable contributions to transportation industry leaders interested in developing new ways of creating public/private support and ways of obtaining funding for passenger rail projects that have been successful in other projects and are referenced in the insights and data provided.
Expected Results or Products:
This research report resulted in the following:
(1) A literature review on the return on investment for passenger rail.
(2) Creation and an analysis of survey data from transportation professionals.
(3) Development of a knowledge-intensive collection of data from interviews with transportation professionals.
These three components indicate a positive return on investment for passenger rail. Although studies and literature show varying numerical values from their findings, they do indicate a positive return on investment.
NOTE: A revised version of the study will be posted soon.
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Metropolitan Transportation Support Initiative (METSI)