FULL-COST ANALYSIS OF URBAN PASSENGER TRANSPORTATION

This report addresses a primary dilemma of the transportation planning community, namely, how to evaluate and compare urban passenger transportation projects regardless of mode. After identifying the full-cost approach as an effective tool for undertaking such comparisons, this report describes MODECOST, a full-cost evaluation model developed by the Center for Transportation Research (CTR) of the University of Texas at Austin. Although many of the issues that MODECOST addresses have been considered previously during the transportation investment decision process, MODECOST quantifies the costs inherent to each issue.

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