The Mineta Transportation Institute (MTI) partnered with the American Public Transportation Association (APTA) and the American Association of State Highway and Transportation Officials (AASHTO) to develop a guide for evaluating the return on investment (ROI) for proposed high-speed and intercity passenger rail projects.
Assessing the Business Case ROI for Intercity Passenger Rail Corridor Investment, along with the associated methodology and toolkit, provides guidance to cities, metropolitan agencies, state departments of transportation and federal agencies by providing a common methodology, utilizing best practice methods, to measure public benefits and assess ROI for proposed high speed and intercity passenger rail (HS&IPR) projects.
The special guidance on evaluating HS&IPR projects provided by this report is critical to efficient intercity rail investment development, which typically involves a combination of elements that make it distinct from both aviation investment and road investment.
This includes:
- Requirements for right-of-way, stations, and station area access involving multiple communities, and broader areas that may span multiple states;
- Requirements for rolling stock operated by a dedicated service franchise agreement;
- Concentration of traveler activity at station stops in intermediate cities, as well as endpoints; and
- Requirements for supporting feeder transportation services connecting with HS&IPR stations.
“America has an opportunity to build a high-performance rail network to position us to overcome our economic challenges and compete in the global marketplace in the coming years,” said APTA President and CEO Paul P. Skoutelas.
The guide can assist public agencies to assess whether and how they can most appropriately participate in supporting and enabling high speed rail and intercity passenger rail projects. With the right understanding of these projects and implemented best practices, rail can help connect people between cities, states and across the nation.
