PURPOSES: The purpose of this study is to develop an effectiveness analysis method of exclusive median bus lanes, which is necessary in order to improve operation efficiency of exclusive median bus lanes. METHODS : The operation characteristics of "signalized intersection including exclusive median bus lanes" and "normal signalized intersection" were investigated and the existing capacity analysis method was also reviewed to analyze the effectiveness of exclusive median bus lanes. Delay reduction of passengers using exclusive median bus lanes which can be considered as the benefit of exclusive median bus lanes and the number of people in buses were included in the proposed effectiveness analysis method. RESULTS : It was found that the proposed method expresses properly the effectiveness of exclusive median bus lanes through performing sensitivity analysis and analyzing with the real data of the number of people in buses and passenger cars. It was also found that the proposed method demonstrates the effectiveness that measure of effectiveness of signalized intersections is changed to "sec/person". CONCLUSIONS : It was concluded that the method is a proper effectiveness analysis method because it can reflect the benefit of passengers in buses.