Economic Resilience and Long-Term Highway/Transportation Infrastructure Investment

Project Details
STATE

NCHRP

SOURCE

TRID

END DATE

06/28/19

RESEARCHERS

Aaron Strong

SPONSORS

NCHRP

KEYWORDS

Decision making, Economic factors, Highways, Infrastructure, Investments, Policy, Risk assessment, Social factors, Sustainable transportation

Project description

The concept of strategic planning for transportation infrastructure investment has been expanding to include a response to issues of sustainability and resilience.  Although the question of resilience from impacts resulting from large-scale disruptions such as natural disasters or economic changes has seen a growing library of research and documentation, major questions remain about how to incorporate these concepts into a transportation plan with sufficient analytical backup presented and in a format easily understood by decision-makers.  The increasing competition for funds in a context of decreasing resources renders investment decisions even more critical.  From the perspective of transportation systems in general and highway components in particular, this is a concern that is escalating in importance as questions of effective infrastructure investment strategies proliferate with consequent effects to a state’s or region’s economy. The process of analyzing conflicting demands on long-term strategic investment planning must address three fundamental areas: the economic, social, and environmental values or objectives of a state or region or locality.
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