Investments in transport infrastructure as a factor of stimulation of economic development

Abstract

The view that transport infrastructure projects have a significant impact on the development of the economy is often used to justify the allocation of resources. Faced with increasing difficulties in financing transport infrastructure, many countries are seeking to allocate their resources in such a way as to maximize net returns. In order to facilitate such distribution, it is necessary to fully understand all the large–scale consequences of infrastructure investments. Transport infrastructure can be defined as a factor that guarantees growth and economic development, thanks to the functions of crossing space in terms of the movement of people and the exchange of goods. The effect of the impact of transport infrastructure on the economy largely depends on how society uses the services offered by infrastructure facilities (Mottaeva & Nechaeva, 2021). Infrastructure, as a factor that activates socio–economic progress, is also one of the important factors determining the living conditions of the population. It is widely believed that improper planning and implementation of an infrastructure project can have a negative impact on the economy and environment of the region. In some cases, infrastructure investments may pose a threat to communities that will be directly affected by this project.