This paper, by the Victorian Transport Policy Institute (Canada), examines how programs to encourage walking and bicycling can be evaluated in terms of Transportation Demand Management (TDM) objectives, including congestion reduction, road and parking facility cost savings, consumer cost savings, and various environmental and social benefits.
It identifies various types of benefits and costs, and describes methods for measuring them. It discusses non-motorized transport demand and ways to increase non-motorized travel activity. This analysis indicates that non-motorized travel provides significant benefits, many of which are overlooked or undervalued in conventional transport economic evaluation.