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Institute of Transportation, MOTC

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New Version of Economic Benefits Evaluation Manual for Transportation Infrastructure Projects

  • Date:2019-03-06
  • Update:2019-03-06
  • Department:IOT

Project Overview:

  In the context of limited financial resources of the government, economic benefit evaluation has become an important tool for the government's decision-making in transportation infrastructure projects. This Institute has managed a series of studies on the "Economic Benefits Evaluation Operation for Transportation Infrastructure Projects" since 2007, and compiled the "Economic Benefits Evaluation Manual for Transportation Infrastructure Project" at the same time and developed application tools software. Tomake the evaluation results more convincing, it is necessary to inspect and revise all evaluated parameters periodically on their relationships with national socio-economic developments. In order to improve the efficiency of the transportation infrastructure project evaluation and review operations, it is also necessary to use and update the application tools software for the revision and update of all parameters.

Research outcomes:

(1)Completed the review and revision of important parameters of Economic Benefits Evaluation for Transportation Infrastructure Project, created an updated version of the Evaluation Operation Manual and developed the tools software for use by agencies of the Ministry of Transportation and Communications, county and city governments, and consultant companies, to improve their evaluation methods and tools.

(2)Standardized the procedures for evaluations of domestic transportation infrastructure economic benefitsas well as the consistency of parameters: to facilitate strengthening the effectiveness of transportation infrastructure project preparation and review decision-making, to avoid projects lacking a basis of objective economic benefit evaluation operation, which previously resulted in the dilemma of inconsistent evaluation results.

(3)Organized education and training to facilitate improving the evaluation quality and review efficiency for the transportation infrastructure projects: this Institute has organized several education and training sessions for agencies of the Ministry of Transportation and Communications, local governments and major private consultant companies, to give personnel related to transportation planning and project evaluations in Taiwan with enhanced concepts and competencies for economic benefit evaluations.

Promotion of Outcomes and Benefits:

(1)Organized education and training sessions on the outcomes of studies in September of 2015 and November of 2016, which can gradually enhance the awareness and concept of economic benefit evaluation among professionals related to domestic transportation planning and project evaluations. We also reviewed and revised the Economic Benefit Evaluation Operation Manual and Operation Specifications taking into consideration feedback on both theoretical and practical operations .

(2)Through the developed software tools, more practical and friendly operation interface can be provided, to increase the willingness of transportation professionals, and enhance the efficiency of transportation infrastructure project evaluation and review operations.

(3)The relevant research outcomes have been gradually internalized to the review operation of transportation infrastructure project and the education and training sessions are provided continuously for the long term, to enhance the awareness and concept of the business personnel related to domestic transportation planning and project evaluation.

(4)In order to strengthen the authority of this manual, basic research will continue to be performed on key parameters and important topics in the future, and promoted to the National Development Council, the Ministry of Transportation and Communications and their subordinate agencies, county and city governments, and consultant companies to be used as a reference in their work.

Summary of Key Resarch Outcomes :

Recommendations on Correction Methods of Important Parameters for Economic Benefits Evaluation for Transportation Infrastructure Project

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