Published: 2000 | Category: Transport demand management , Research programme , Research & reports | Audience: General
A research project was undertaken in 1996/97 to review issues and practices relating to the valuation of travel time savings in New Zealand and internationally, and to develop an appropriate framework and an outline market research programme for establishing improved valuations of travel time savings in New Zealand. It was intended that the valuations would then be incorporated into procedures for evaluating transport improvement projects in New Zealand.
The project involved: review of New Zealand and international practice relating to the valuation of travel times savings; appraisal of theoretical issues in the valuation of travel time savings and development of an appropriate analytical framework for valuation; review of market research approaches to obtaining valuations of time savings; and development of an outline research programme for undertaking market research in New Zealand.
Keywords: valuation of travel time, New Zealand
