Transportation Regional Economic Development Study for US 2/MT 16

Economic Development Study for US 2/MT 16 | Statewide, MT, US
Economic Development Study for US 2/MT 16 | Statewide, MT, US
Montana Department of Transportation
Statewide, Montana, USA

The Montana Department of Transportation contracted HDR to identify any economic, regulatory or operational changes that would result in traffic and safety conditions that warranted expanding the Theodore Roosevelt Expressway in Montana to a four-lane highway. This roadway consisted of sections of MT 16 and US 2 that collectively run from the Canadian border through Montana to the North Dakota border. To facilitate our analysis process for the US 2 / MT 16 Transportation Regional Economic Development (TRED) study, HDR conducted site visits to northeastern Montana and Saskatchewan and involved experts and local stakeholders to determine and quantify risk factors that might potentially affect this project.

HDR also conducted 120 telephone interviews with regional stakeholders, industry experts and knowledgeable academic experts to develop a detailed knowledge concerning the specific economic and transportation challenges within the region. As part of the analysis, HDR assessed the existing regional economic conditions and development opportunities within the region and used econometric techniques to create forecasts of traffic growth and freight volumes within a risk analysis framework. These traffic growth forecasts were conducted under an existing development plan scenario and also by accounting for specific regional economic opportunities. The study findings revealed that the area shares many similarities with adjacent states and provinces that extend beyond political borders.