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California State Rail Plan 2007-08 to 2017-18

California State Rail Plan 2007-08 to 2017-18

California State Rail Plan 2007-08 to 2017-18

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Chapter XIX – Freight <strong>Rail</strong> Research and Studies• Transportation Impacts - Determines the transportation-related benefitsfrom the proposed improvements. These include reduced highwaymaintenance costs and reduced shipper costs.• External Impacts - Includes non-transportation benefits attributable <strong>to</strong>transportation improvements. These include safety, security, health, andenvironmental impacts.• Economic Impacts - Converts the various impact measures in<strong>to</strong> direct andindirect economic benefits. These include job creation, income taxes, andreductions in passenger delays.• Decision Support - Combines the above benefits and generates output used<strong>to</strong> evaluate and help determine the best allocation of public investments.A nine-step procedure for evaluating public participation in rail projects has alsobeen developed by Global Insight Consulting for the National CooperativeHighway Research Program (NCHRP) 8-42 study, and will be adapted forapplication in Washing<strong>to</strong>n <strong>State</strong>.Florida Department of Transportation Freight <strong>Rail</strong> Investment Calcula<strong>to</strong>rThe question that always arises when contemplating public sec<strong>to</strong>r investments inthe privately owned freight railroads are “what does the public gain?”One framework for establishing the public value of investment in the rail system isdepicted below. This figure provides a convenient framework for describing howfreight rail investments can be converted in<strong>to</strong> public benefits, and how a portfolioof projects can be selected for public investments.Figure 19AFramework for Evaluating Transportation Investments257

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