Abstract
In spite of numerous advantages in railroads such as mass transportation, high reliability, and environmental soundness etc., the value of railroad construction is relatively underestimated compared to road. This is because the current method of evaluation focuses mainly on economic effect. In this study, considering recent research results, the environmental value of railroad construction was assessed by calculating the effect of reduction of emissions and water contamination. With these two benefits, the environmental effect produced by railroads and road construction was calculated and compared to each other using EMME/3. As a result, the senario 4 which considers 'Hot/Cold start' condition and water contamination had highest benefits. Furthermore, the environmental effect produced by railroad is 55~101% higher than road construction. If the suggested method is used in the current appraisal system, the environment-friendly mode like railway would be highly valued, much more than before.