When evaluating transportation infrastructure projects and determining which of them will be carried out from a set of projects and given a budget constraint, several criteria need to be considered in the decision. Standard evaluation practices imply the aggregation of impacts into one utility function which is later optimized. Nevertheless these techniques used for translation of different measuring units into monetary terms are highly controversial. Multicriteria techniques can explicitly deal with different measuring units, however, they are not suitable to model interdependence relationships of projects that share a common characteristic (same route, location or target population, for instance). In this research we model this transportation planning problem, the multi-objective transportation infrastructure project selection problem (MTIPSP), as a constrained multi-objective optimization problem with quadratic objective functions, using a variation of the multi-objective 0-1 knapsack problem plus some additional constraints. Given the combinatorial nature of the problem, an evolutionary-based framework is used for the identification of Pareto solutions, and later, those with non-attractive properties are filtered using a Knee Identification Procedure. The final selection of the projects portfolio is made using a well known multicriteria decision aid method and including the decision makers' preferences based on the existing context.