The impacts of road maintenance on regional economy
Overview
Background & policy context:
Road maintenance includes several actions, for example traffic management, investments, maintenance and repair. All of these have impacts on regions and regional economy, and also different importance on different areas and typical environments. The cost-benefit analysis (CBA) is an essential method in assessing the financial impacts of road projects, but many indirect and reflective impacts of road projects are not included in CBA.
Objectives:
According to research done in the field, the transport infrastructure has a significant impact on the productivity of both private enterprises and the national economy. The aim of this study was to evaluate the possibilities to include the impacts on regional economy in the impact assessment of road maintenance projects. Another aim was to find out which are the most suitable methodologies to be used in the assessment process.
Methodology:
The study was based on an analysis of national and foreign literature written in the field of research. Also the studies done on the impact assessment processes carried out or ordered by FINNRA (the Finnish Road Administration) were included in the literature survey.
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