Least Cost Planning

The annual Oregon Business Plan Summit is next week, and in advance of the meeting they’ve published a discussion paper on transportation (PDF, 138K).

I find one point especially refreshing:

3. Develop new transportation planning and project selection tools to assure that each dollar spent on new transportation capacity achieves the greatest return on investment. Our existing transportation planning and project selection methods focus on supplying transportation services, particularly road and highway facilities. They are not designed to analyze the least-cost method of providing transportation services across modes; they do not evaluate demand management, nor do they consider the comparative economic, environmental and social costs and benefits of alternative solutions. We need to build on our ground breaking models integrating land use and transportation to develop new models for least-cost transportation planning.

And doesn’t least cost planning pretty much assure funding for bicycle infrastructure? I don’t know of a mode with a better return on investment…

8 Responses to Least Cost Planning