Samenvatting
In June 1987 NJ TRANSIT proposed a $1.3 billion plan for rail and bus improvements that would handle projected growth in trans-Hudson commuting traffic. To evaluate projects, NJ TRANSIT used standard financial cost/benefit analysis techniques and considered the major impact of transportation investments on New Jersey's growing economy. Among the concerns commonly faced by a public agency is the weighing of the public policy benefits of an investment along with its cost-effectiveness and efficiency.