TRL3702 ASSIGNMENT 1
SEMESTER 1
2025
Transport Planning and Investment
, PREVIEW:
Question 1:
Banister and Berechman (2001) argue that transport development plays a critical role
in promoting economic growth, but the relationship between the two is complex and
dependent on several factors. Transport infrastructure investments can enhance
economic productivity by reducing travel times, lowering transportation costs, and
improving accessibility to markets and labor. However, the authors emphasize that
transport development alone is not a sufficient condition for economic growth. Instead,
the impact of transport investments depends on complementary factors such as
economic policies, institutional frameworks, and existing demand for transport
services………
SEMESTER 1
2025
Transport Planning and Investment
, PREVIEW:
Question 1:
Banister and Berechman (2001) argue that transport development plays a critical role
in promoting economic growth, but the relationship between the two is complex and
dependent on several factors. Transport infrastructure investments can enhance
economic productivity by reducing travel times, lowering transportation costs, and
improving accessibility to markets and labor. However, the authors emphasize that
transport development alone is not a sufficient condition for economic growth. Instead,
the impact of transport investments depends on complementary factors such as
economic policies, institutional frameworks, and existing demand for transport
services………
