The purpose of this paper is to propose a comprehensive regional planning model in which a land use/transportation model is incorporated into a Spatial Computable General Equilibrium (SCGE) model in a consistent way, thereby it provides a Generalized Land Use/Transportation Equilibrium (GLUTE) model that enable us to predict not only the intensity of land use of each region, interregional transport demands including both passenger and freight and network flows within the general equilibrium framework. GLUTE model may be useful to provide numerical guidance to policy makers on the economic impacts of alternative options concerned with the infrastructure planning. The formulation of the model is structured in the way that a Newton-Raphson method can be used in the processes of equilibrating prices.