Economic Development

 

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Infrastructure is a cornerstone for economic growth and its success can be measured against how well a region is doing as a result of it.

Repair, renew and reinvent. Arguments for investments in infrastructure and transport often focus on economic development. And indeed, transit has been shown to have positive productivity benefits both for the private sector as a result of public infrastructure investments. Focus on exploration modernization and decongestion of rail and airports, mass transit, exploration of transportation plans and financing innovation.

Rural and metropolitan areas prosperity depends on how the connect to the rest of the world. Cities are transportation hubs and centers of commercial exchange as well as live. The movement of people and goods is determined by the modes of transportation that are available. They may foster or constrain economic development. Transportation intersections are crossroads, waterways, train stations and airports.

Prosperity depends on selling goods or services inside as well as outside the region and by attracting an inward flow of capital. Where transportation is governed well competitiveness often follows by investments in seaports, airports. Economic prosperity is also closely linked to prosperity for the poor. Social mobility is often made possible by physical mobility, but disparities are also growing. High unemployment rates in areas with high rates of violence, low vehicle ownership, and long commutes and little public transportation to get to often low paying jobs, schools, or health care facilities, along with limited access to day care facilities and grocery stores in their neighborhoods.

It requires coherent and coordinated strategies to achieve economic benefit from investment in local and regional infrastructure.

Projects under this theme:

Workshop on value creation in infrastructure

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