Published: December 2014 | Category: Research & reports , Research programme , Performance monitoring , Activity management , Natural hazard risk management , Safety, security and public health , Environmental impacts of land transport , Transport demand management , Integrated land use and transport systems , Sustainable land transport , About the research programme , Economic development | Audience: General
This research report investigated the economic and financial benefits from providing expanded park and ride (P&R) facilities. The project objectives were to assist decision-makers by providing guidance on:
The research included a review of international literature and New Zealand practice on quantification, assessment and evaluation methodologies for P&R facilities. The outcome of the research was an economic and financial evaluation framework adopting a cost-benefit analysis methodology.
This framework was tested by applying it to five case studies covering both Auckland and Wellington for potential expansion of existing rail and bus-based P&R sites.
The case studies demonstrated that increasing P&R provision produced high returns relative to most other types of investment schemes that encourage modal shift to PT in major urban areas, with estimated benefit-cost ratios in the range of 2 to 4.