Economic benefits of park and ride

Abstract

New Zealand transport decision-makers have been seeking better guidance on the rationale, appraisal methods and optimal investment conditions for park and ride. This research responds to this requirement with an economic and financial appraisal framework based on a cost-benefit analysis methodology, and a funding allocation framework that links funding contribution to the level of benefit received. Local transport models do not currently include park and ride as a modal option, so mode share is determined using diversion rates derived from market research, and the effect on road system performance is determined using an elasticity-based simplified modelling approach. The appraisal framework has been tested by applying it to five case studies covering the expansion of existing rail and bus-based park and ride sites in Wellington and Auckland. The case studies demonstrate that increased park and ride provision produces high returns relative to most other types of investment that encourage modal shift to public transport in major urban areas, with estimated benefit-cost ratios in the range of 2 to 4.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 3 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.