Path Forward 2040 Long Range Transportation
GOAL 1: INVEST IN PROJECTS THAT ENHANCE ECONOMIC COMPETITIVENESS
Table 2 on the next page summarizes the objectives, performance measures and benchmarks associated with this goal. The targets are to achieve the benchmarks by the year 2040.
Investing in projects that enhance economic competitiveness are primarily those that improve travel time reliability, which is the most important factor for freight operators, enhance access to job and maximize the return on investment. Table 1 summarizes the objectives, performance measures and benchmarks associated with this goal.
GOAL 2: INVEST IN LIVABLE AND SUSTAINABLE COMMUNITIES There no single definition of what constitutes a “livable” or “sustainable” transportation system. According to the definition endorsed by the Transportation Research Board Sustainable Transportation Indicators Subcommittee, a sustainable transportation system follows:
Allows the basic access and development needs of individuals, companies, and society to be met safely and in a manner consistent with human and ecosystem health, and promotes equity within and between successive generations. Is affordable, operates fairly and efficiently, offers a choice of transportation modes, and supports a competitive economy, as well as balanced regional development. Limits air, water, noise emissions, waste and resource use. Limits emissions and waste within the planet’s ability to absorb them, uses renewable resources at or below their rates of generation, and uses non‐renewable resources at or below the rates of development of renewable substitutes, while minimizing the impact on the use of land and the generation of noise. Table 1. Enhance Economic Competitiveness Objectives and Performance Measures Objective Performance Measure Improve travel reliability on major Travel time reliability freight routes Enhance access to jobs Jobs within ½ mile of a congestion management system facility Maximize the return on investment Benefit: cost ratio Return on investment
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Benchmark Maintain or improve the reliability Maintain or improve access to jobs Rank benefit‐to‐cost ratio Rank return on investment