This article analyses willingness-to-pay for transportation infrastructure improvement forthe transportation vulnerable by using the contingent valuation method(CVM) in Korea. Weused the CVM to quantify the willingness-to-pay for transportation infrastructureimprovement using the nationwide survey data. Respondents overall accepted thehypothetical market and were willing to pay a significant amount per household monthly toimprove the mobility of the transportation vulnerable as well as the general population. Themean monthly willingness-to-pay for the improved transportation infrastructures toward theuniversal design is 5726 Korean won (GBP 3.20) per household, and the aggregated valueto nationwide scale would then be 1091.63 billion Korean won (GBP 610.87 million) peryear. The estimation results show how people appraise non-market services of publicworks, and can be used as quantitative information on the benefits in ex-ante analysis ofthe public policy.
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