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The Web of Transport Corridors in South Asia (English)

This report aims to balance the political economy and geopolitics of transport corridors with sound empirical analysis. Its goal is to empower key stakeholders like policy makers, economic advisors, businesses, and civil society organizations in assessing socioeconomic benefits when considering the idea of investing in a transport corridor. To that end, this report provides a conceptual framework to think about economic corridors and to enable a holistic appraisal of program and project proposals. Using this framework, the report studies the conditions under which large-scale investments in transport infrastructure can generate positive spillovers on local household income, jobs, equity, and poverty reduction. To establish a comprehensive knowledge base for its recommendations, the report includes case studies of past and recent corridor initiatives. Building on this integrative approach, and relying on spatially granular data, the report conducts illustrative appraisals of three major transport corridors in South Asia. Transport corridor interventions have the potential to affect broader socioeconomic outcomes. Their economic impacts work through agglomeration effects, increased trade and migration, and changes in the local economic structure, among other areas. These long-term impacts ultimately yield wider economic benefits (WEB) such as the growth of income and consumption, new jobs, and greater equity. This report recognizes that transport corridor interventions can generate a chain of multiple impacts beyond the travel time and vehicle operating costs that are the focus of traditional cost-benefit analyses.

Details

  • Author

    Melecky,Martin, Goswami,Arjun, Okamura,Akio, Overfield,Duncan

  • Document Date

    2018/08/10

  • Document Type

    Publication

  • Report Number

    129571

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    South Asia,

  • Region

    South Asia,

  • Disclosure Date

    2018/08/21

  • Disclosure Status

    Disclosed

  • Doc Name

    The Web of Transport Corridors in South Asia

  • Keywords

    Environmental and Social Impact Assessment; Technical and Vocational Education; private participation in infrastructure; capital market risk; institution need; violence against child; Debt Service Coverage Ratio; policy and institution; local economic activity; foreign direct investment; vehicle operating cost; theory of change; design of transport; access to finance; privileges and immunity; millennium challenge; Public Sector Governance; liquified petroleum gas; private sector involvement; international financial system; modern transport; increasing tax revenue; household consumption expenditure; reduction in poverty; private financial institution; aerosol optical thickness; success and failure; total factor productivity; Sexually Transmitted Disease; Special Purpose Vehicle; number of vehicles; incidence of poverty; ex post evaluation; Computable General Equilibrium; domestic banking system; trade facilitation measures; rural transportation infrastructure; intermediate outcome; complementary policies; corridor investment; complementary factor; transport investment

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Citation

Melecky,Martin Goswami,Arjun Okamura,Akio Overfield,Duncan

The Web of Transport Corridors in South Asia (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/430671534922434794/The-Web-of-Transport-Corridors-in-South-Asia