Nag

Advantages

• ✓Transport corridor development can significantly boost economic growth, income, and employment in Sub-Saharan Africa and South Asia.
• ✓Transport infrastructure improvements reduce trade costs and enhance transnational trade capacity, especially benefiting landlocked countries.
• ✓Rural populations gain from transport projects through poverty reduction, increased access to services, and higher non-farm employment.
• ✓Transport investments contribute positively to social inclusion by increasing gender equality and job opportunities.
• ✓Wide economic benefits from transport projects include agglomeration effects, structural economic shifts, and enhanced market access.
• ✓Improved road safety infrastructure in demonstration corridors has markedly reduced accidents and fatalities.
• ✓Transport corridors can facilitate multi-country trade through corridor governance and improved border facilitation measures.
• ✓Transport investments have been linked to poverty alleviation through better market integration and higher agricultural productivity.
• ✓Rail infrastructure development creates significant regional economic convergence and income growth.
• ✓Public-private and multi-layered management structures support corridor development and operations in various countries.
• ✓Multimodal transport corridors can reduce carbon emissions compared to road-only freight transport.
• ✓Highway and transport infrastructure investments trigger structural shifts towards manufacturing and service sectors, increasing overall welfare.