
Project 4.13: Development and Application of a Cost-Benefit Tool for Quantifying External Social Impacts of Small to Mid-Size Transportation Projects
Development and Application of a Cost-Benefit Tool for Quantifying External Social Impacts of Small to Mid-Size Transportation Projects
Project 4.13
Project Summary
This two-year project will focus on developing methods for quantifying the external social costs of transportation civil infrastructure projects, particularly small to mid-size projects that are common in New England states. Transportation projects have costs and benefits that affect society that are external to the project budget. These external costs and benefits of transportation projects can include effects on the environment, health, equity, and the overall resiliency of the system. Although the overall costs of a project to society (a project’s “social costs”) include both project costs and external costs, the latter are rarely included in project cost assessments, particularly on small to modest size projects. The proposed project therefore aims at filling this gap by developing a relatively easy to understand and implement methodology and an associated user-friendly tool to assist transportation professionals in assessing full social costs and benefits of a project. This will better inform transportation decision making such as for
Principal Investigator:
Dr. Mandar Dewoolkar, P.E.
Institution:
University of Vermont
Co-PIs:
Dr. Dana Rowangould
Dr. John Lens, P.E.
Dr. Gregory Rowangould
Project:
Active
Start Date:
06/01/2022
End Date:
05/31/2024
Project Cost:
$434,231
Project Type:
Base Funded
Agency ID:
69A3551847101
Sponsors:
Office of the Assistant Secretary for Research and Technology, University Transportation Centers Program, Department of Transportation, VTrans, Stantec Consulting Services, Richard Downer.
Implementation of Research Outcomes:
This project is in its initial research phase. Implementation of research outcomes will be reported upon completion of the research outputs.
Impacts and Benefits of Implementation:
This project is in its research phase. Impacts and benefits of the research will be reported after the implementation phase.