ABSTRACT
This chapter presents methods for transit project evaluation. Economic impacts analysis focuses specifically on measurable changes in cash flow from the perspective of household and businesses. In the analysis, the life-cycle cost defined as the present worth of all future expenditures over the transit facility service lifespan for each alternative needs to be determined. Providing a safe, reliable, and attractive transit service requires efficient physical systems, competent personnel, and good organizations. The residents in the neighbourhood of the rail transit stations could benefit from the system because of the resulting increased property values for real estate nearby. Bus-rapid transit has emerged as a viable option to enhance transportation capacity and provide increased levels of mobility and accessibility. Transit often serves as the primary mode in a trip, while nonmotorized transportation serves the last mile.
