In order to effectively evaluate the cooperative efficiency of intelligent transportation facilities, a structural model of four cooperative development elements, including functional cooperative, operational cooperative, information cooperative, and operation cooperative, is constructed with the guidance of system coordination and a cooperative efficiency evaluation system is established based on it. Then, a dynamic efficiency evaluation model based on variable weight and matter-element extension method was constructed to describe the cooperative efficiency of intelligent transportation facilities and analyze the cooperative efficiency of key road sections in the Jinan area as an example. The results show that of the ten sections, two are in poor performance status, three are in good performance status, and five are in excellent performance status. The four indexes of vertical cooperative construction, functional scheduling level, information element completeness, and multi-departmental information integration level have the most significant impact on facility cooperative efficiency and are the most sensitive; the three indexes of plan executability, functional ease of upgrading, and space–time alignment rate have the most negligible impact on facility cooperative efficiency and are the least sensitive.