TREDIS -Transportation Economic Impact System

By: Edr Group  09-12-2011
Keywords: transportation, economic development, investment strategies

TREDIS is the web-based economic impact and benefit-cost analysis tool for transportation projects and programs. It is the only system that spans all modes of passenger and freight transportation - including highway, rail, marine and air travel, and all types of intermodal terminals and facilities. It is also highly detailed in its representation of both freight and passenger costs and benefits, including the value of improving transportation reliability, access and system connectivity. TREDIS is used by local, regional and state transportation agencies to:

• Weigh benefits and costs of alternative transportation investment strategies and policies

• Assess the economic development impacts of investing in new transport infrastructure
• Evaluate benefits of improving access to consumer, producer, and labor markets
• Estimate economic impacts of constructing a transportation terminal or facility
• Estimate the impact of congestion on households and industries (by sector)
• Examine different strategies for managing a transportation corridor
• Perform a comprehensive freight performance evaluation

For any of these applications, TREDIS can be used as a part of a comprehensive planning solution that interacts with existing transportation models and regional economic models. Alternatively, TREDIS can be used by itself as a sketch planning tool to provide "back-of-the-envelope" estimates. The level of analysis sophistication is up to the user. Projects can be set up and run in as little as 15 minutes.

TREDIS and its components have been successfully applied in 23 US states (from California to Wisconsin to Massachusetts), and 7 Canada provinces (from British Columbia to Ontario to Nova Scotia).

Keywords: economic development, investment strategies, transportation

Other products and services from Edr Group


REEM - Renewables & Energy Efficiency Impact Model

It uses sophisticated techniques for measuring the effects of technology-specific investments and policy- induced changes on the functioning of the energy market on a regional economy. The model and framework is applicable for areas that intend to explore strategies for future energy improvements or measure the impacts of existing programs.


T-PICS | Products

A free public service, developed by Economic Development Research Group with ICF International, for the US Strategic Highway Research Program. A statistical evaluation system that provides range estimates of the range of impacts associated with various types of highway projects. 100 case studies of highway and intermodal projects, and their local/regional economic development impacts.


Aviation Tools | Products

The system estimates economic impact of existing airport activity and the economic development and land use implication of expanded future airport services and facilities. ABC-ADE is a suite of tools for assessing the economic impacts, benefits, costs and local development implications of airports and airport improvement projects.


LEAP - Local Economic Assessment Package

It is applicable for areas seeking to better diversify their economic base, become more attractive to growth industries, expand the quality and pay level of available jobs, reduce dependence on stagnant or declining industries, or improve business stability by enhancing supporting and complementary activities.