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原文传递 Putting Price Tags on International Trade Use of State Infrastructure – Final Report.

题名：	Putting Price Tags on International Trade Use of State Infrastructure – Final Report.
作者：	Lim, T.; Porras-Alvarado, J. D.; Zhang, Z.; Harrison, R.; Murphy, M. R.; Walton, C. M.
关键词：	International trade##Transportation infrastructure##Transportation asset valuation##Texas (state)##Price tag##Asset valuation##Management practices##
摘要：	As a major gateway to the entire U.S. for international trade both through seaports and land ports of entry, Texas pays the bills for the construction and maintenance of the infrastructure required to move the freight which benefits other parts of the country. Moreover, with the expansion of the Panama Canal and the land bridge from the Mexican port of Lazaro Cardenas to Texas, it is likely that international trade through Texas ports of entry will continue to grow, and continue to impact transportation infrastructure in Texas. In this sense, the effective and efficient management of this infrastructure has been at the forefront of discussions. However, there are no local studies that examine the current asset value of major freight corridors to move international trade in Texas; in other word, there is a need to develop a methodological process which can be used to put “price tags” on international trade use of Texas’ transportation infrastructure. This research proposes a novel utility-based asset valuation framework that can consider loss in potential benefits if the infrastructure fails, as well as its construction and maintenance costs. As the result, the price tag assigned to the freight corridors was significantly different than its replacement cost, which is one of most frequently used asset valuation methods to estimate the value of transportation assets. The price tag was estimated at $366 billion, while the replacement cost was only $160 billion. The difference indicates that a failure to include the functionality and the utilization aspects of transportation assets can result in distorting their true values, by underestimating or overestimating the values. This research study is critical to TxDOT as the research findings provide TxDOT with a comprehensive asset value of the freight corridors, which is essential to maintain the freight corridors with high condition standards for the potential trade growth. 1
总页数：	140
报告类型：	科技报告