Published: June 2020
Research & reports
This research was undertaken to address a knowledge and data gap in transport economic analysis on the value of freight travel time and reliability. Values have been developed from this research and will be included in the Waka Kotahi Economic Evaluation Manual (EEM).
The information will assist the planning and development of business cases to improve the transport system, recognising the value of improvements in reliability, frequency of services and loss/damage to freight in transit. These values will support multi-model analysis of improvements to the transport system. Keywords: contingent valuation, economic evaluation, freight transport, New Zealand, service frequency, stated preference (SP), transport investment, transport reliability, travel time, value of reliability (VoR), value of time (VoT), willingness to pay (WTP)