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Assessing the Economic Benefits of Transit Projects

The development of effective transit systems requires investments of millions or even billions of dollars in public money. Controversies often rage over whether such investments are efficient or whether the money would be better spent on other public projects or even returned to the taxpayer. Public servants charged with allocating investment dollars therefore need ways of assessing the economic benefits that arise from transit projects to see whether they are sufficient to justify the cost. This paper seeks to provide an overview to the issues and methods related to the assessment of economic impacts from transit projects