|
Economic Analysis of a Multi-Modal
Transportation Infrastructure Investment Initiative
for the Richmond Chamber of Commerce (Virginia)
ICF International provided a comprehensive economic
impact and cost-benefit analysis of several transportation
infrastructure projects, including two interstate
highway expansions, an intermodal center, airport
runway expansions and access improvements, and
high-speed rail service and regional improvements.
We analyzed investment in these infrastructure
projects, individually and collectively, to determine
the anticipated economic expansion and regional
growth. Analysis of high-speed rail service between
the Washington, D.C.-Richmond, Virginia, corridor
included a comparison of the cost of investment
in increased highway capacity with the cost of
investment in rail services.
Benefit-Cost Analysis Model
for Freight Transportation Improvements for U.S.
Federal Highway Administration (FHWA)
ICF International directed a team of companies to
develop a benefit-cost analysis model for freight
transportation investments that accounts for the
full economic consequences of freight improvements
(from user impacts to business reorganization
and economic productivity effects). This work,
which is for FHWA's Office of Freight Planning
and Operations, tackles one of the most challenging
transportation economics issues facing practitioners
today—that is, given the relationship between
freight transportation and business decisions,
how practitioners can account for the full impacts
of freight projects in the project planning and
alternatives analysis process.
|
Economic Development Highway
Corridors Study, U.S. Highway 2, Roosevelt County/Fort
Peck Indian Reservation, for U.S. Federal Highway
Administration
Under the guidance of the Federal Highway Administration,
ICF International is conducting an analysis of the
linkages between rural transportation improvements
and local economic development at the Fort Peck
Reservation in northeastern Montana. The study
has focused on identifying local economic development
initiatives that will serve as engines of growth
and determining the types of highway investments
that are needed to support and capture the full
range of economic benefits associated with each
initiative. The analysis applied the concept of
incremental benefit estimation in order to assess
benefit reliance on transportation improvements
and used input-output analysis to determine potential
regional economic benefits linked to highway system
investments.
Costs and Benefits of European
Tunnel Safety Improvements, European Commission
In light of recent tragic accidents in European
roadway tunnels, the European Commission is considering
the adoption of new tunnel infrastructure and
operations standards. ICF International conducted
a preliminary benefit-cost analysis of these standards
for both the 15-nation European Union and the
Eastern European candidate countries. Benefits
were estimated in terms of reduced crash deaths
and injuries, reduced tunnel repair costs, and
reduced incident delay. Costs include improvement
works and the delays associated with tunnel upgrade
work.
Aviation Sector Analysis
ICF International is conducting an economic analysis
of the European aviation industry that seeks to
identify challenges and opportunities for specific
classes of air carriers. The study will be based
on the following analytical steps:
- the development of a classification scheme
of carriers through statistical analysis of
financial performance and economic data
- an assessment of current market competition,
both within the aviation sector as well as from
other modes of transport
- an evaluation of various macro-economic and
demand scenarios, including a review of key
policy changes
This study is being conducted as part of a framework
contract that ICF International holds with the European
Commission's Directorate-General for Energy and
Transport.
|
