A crucial element of sustainability is the optimization of system efficiency by the maximization of existing resources and the limitation of the necessity of infrastructure expansion. Although the Leadership in Energy and Environmental Design certification is an internationally recognized standard for determining sustainable architecture, no officially accepted method exists for evaluating sustainable transportation. The development of a performance evaluation method for sustainable transportation is necessary, with a focus on multimodal mobility rather than on automobility. It is crucial that current transportation projects not preclude the provision of multimodal mobility options in the future. This paper reviews the literature on operational and proposed evaluation strategies for transportation projects and proposes a sustainable transportation evaluation method. The sustainable transportation evaluation method builds on the observed beneficial qualities of the existing evaluation systems and attempts to address their shortcomings. Implementation of the sustainable transportation evaluation method relies on established multicriterion techniques that allow for quantitative and qualitative evaluation of the sustainability of transportation projects during the planning, design, and construction phases. The evaluation method proposed can augment traditional environmental analysis performed for transportation project selection. The method is designed to be flexible so that it can be easily implemented by a wide range of stakeholders who are considering diverse issues.