Abstract
The correlations between investments in transport infrastructure and territorial development continue to concern public authorities. They are responsible for optimising the allocation of financial resources, and they are interested in the correct short- and long-term estimations of investments in transport infrastructure’s consequences for development. The direct and indirect effects of transport infrastructure are present in the socio-economic assessment methodologies of projects. Despite the recorded progress, uncertainties remain in technical assessments, especially socio-economic ones, and they do not remove decision-makers’ concerns regarding the necessity and appropriateness of investments. Based on these aspects, this paper aimed to clarify the effects of new infrastructure on socio-economic development.
Highlights
Growth to Sustainable Development.For a long time, studies have targeted emphasising the relationships between transport infrastructure and economic development
Not the binomial traffic infrastructure–development but trinomial traffic infrastructure–territorial system–development should focus on the impact of development of the territorial system driven by investment in traffic infrastructure. This type of research must provide the extent to which traffic infrastructure determines the differentiated development of the territorial system, i.e., it emphasises the necessity and opportunity to use public funds for investment in that traffic infrastructure appropriate to a particular organisational structure that corresponds to the maximum effects for socioeconomic development
The results revealed that even if the productivity effect of investment in transport infrastructure was reached, the magnitude of the influence was relatively minor compared to other variables
Summary
The enhancements of economic analyses that simultaneously evaluate economic, social and environmental impacts have amplified the decision framework and the uncertainties of local and central decision makers related to investment allocation for technical infrastructure and, for transport/traffic infrastructure [17]. The following section surveys relevant literature to emphasise the role of traffic infrastructures in land use and to formulate a theoretical framework It exposes that traffic infrastructure enhances accessibility and could support development, but sustainable performances are gained only if public actions complement infrastructure investments (in a holistic manner) and stimulate an environment for innovation and growth. The presented analysis focused on understanding the particularities of development related to temporal and regional specificities It represents the first stage of research that aims to improve the methodology for evaluating new traffic infrastructures via sustainable development and territorial particularities
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