The Priority Economic Analysis Tool
Benefits and Costs of Transportation Investments
The Priority Economic Analysis Tool (PEAT) prioritizes competing investments, analyzing preservation and improvement projects for highways, bridges, and intersections using an economic approach that considers both agency and road user costs.
PEAT answers two questions: Is a project a good investment? And if so, when should it be implemented? It answers these questions using a sophisticated life-cycle cost analysis, presenting breakdowns of benefits for a 30-year planning horizon.
PEAT is designed to:
- Help agencies justify projects based on objective measures of economic benefit such as net present value and benefit/cost ratio.
- Enable direct comparison of preservation and improvement projects involving different asset types.
- Estimate initial construction costs, future agency costs, travel time costs, vehicle operating costs, accident costs, and user costs associated with work zone delays.
- Adapt to incorporate improved cost estimates as projects move through the development process.
Joseph Guerre 317-841-8972
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