Abstract
This paper details a new method for assessing the impact of reallocating road space to public transport. The approach is developed as part of a research project being conducted in Melbourne, Australia, for the local roads management authority, VicRoads. The paper includes a review of prior approaches in this area and identifies a new methodology that evaluates a full range of benefits and costs of public transport priority schemes in order to identify appropriate road space reallocation. Recent findings are reported on the application of this approach and how revised warrants, using a more comprehensive approach to valuing the full benefits and costs of priority schemes for reallocation of road space in relation to bus lanes, would look.
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