Using new data sources and analytics tools, the agency will develop ways to better quantify the economic, health, and safety benefits of our projects and to communicate these benefits to the public.
Strategic Plan 2016 Initiative
Short-Term Milestones (by end of 2017)
DOT will hire a senior economist.
DOT hired a Senior Economist in October 2016 who is helping the agency understand and better quantify the economic, health, and safety benefits of its projects.
Medium-Term Milestones (by end of 2021)
Building on good cost-benefit and distributional impact analysis, DOT will incorporate triple bottom line (social-economic-environmental) accounting into appraisals of agency projects and initiatives as appropriate, using global best practices, and communicate these findings to the public in an easy to comprehend manner.