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p_eval4_l15_acc - 1.011 Project Evaluation CEE Projects...

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1.011 Project Evaluation CEE Projects & Accessibility: Case Studies Carl D. Martland 1. Chesapeake Bay Bridge 2. BART 3. Transcontinental Railroad
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Benefits of Improved Access Reduced transport costs for existing users Lower transport expense ($ saved) Less travel time (hrs saved x value of time) Fewer accidents ($, injuries, fatalities avoided) Increased demand for transportation Additional consumer surplus (difference between value of trip and cost of trip) Changes in economic geography Increased land values and development potential More location options for time and $ constraints More options for trade (spatial price equilibrium)
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