Opportunities for Value Extraction Projects in Highway Rights-of-Way and Development of Feasibility Assessment Tool
Publication: Journal of Construction Engineering and Management
Volume 142, Issue 8
Abstract
State departments of transportation (DOTs) have been trying to identify alternative and innovative sources of revenue and cost savings. One potential solution to funding issues that has gained recent attention is value extraction from highway rights-of-way (ROW). In this paper, first, the state-of-the-practice of value extraction projects in highway ROWs is established. Next, detailed analysis is conducted regarding three high-priority value extraction projects chosen by the Florida DOT including solar photovoltaic, light emitting diode (LED) lighting, and agricultural uses. The feasibility screening tools introduced in this paper integrate all of the research findings from the literature review, survey of state DOTs, and case studies of select projects and programs. The screening tools provide in a tabular form a thorough list of various technical and financial criteria that play an important role in choosing and implementing the related value extraction projects. The information provided for the individual value extraction project types can be used as a platform to successfully design and manage those projects in the highway ROW.
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Acknowledgments
The authors would like to thank the Florida Department of Transportation for sponsoring this research.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 142 • Issue 8 • August 2016
Copyright
© 2016 American Society of Civil Engineers.
History
Received: Jan 31, 2015
Accepted: Sep 2, 2015
Published online: Feb 16, 2016
Discussion open until: Jul 16, 2016
Published in print: Aug 1, 2016
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