Bayraktar, M E; Arif, F; Ponder, D; Prozzi, J and Mahmoud, N V (2016) Opportunities for value extraction projects in highway rights-of-way and development of feasibility assessment tool. Journal of Construction Engineering and Management, 142(8): 4016023, ISSN 0733-9364
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | alternative revenue; feasibility screening; light emitting diode; project planning and design; rights-of-way; solar photovoltaic |
| Index terms: | funding, platform, literature review, screening, photovoltaic, project planning, cost saving, survey, case study, revenue, program, value extraction |
| Subjects: | data collection methods, financial and cost management, management, economics, energy systems, digital design, data analysis and analytics, software systems, control systems, economic analysis |
| Topics: | Project Management, Cost Management, Human Resources, Sustainability, Business Strategy, Research Practice, Digital Applications |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here