Importance of road infrastucture in regional development
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Answer:
It is a common belief that investment in transport infrastructure has a positive impact on a regional development. Theories suggest that interaction between infrastructure and regional development can be classified as:
1. theory which suggests that infrastructure follows regional development,
2. theory that underlines importance of infrastructure development as an inductor of the regional development and
3. balanced development which equally emphasizes the role of infrastructure and economic growth in the region. While it is quite easy to determine direct benefits in term of reduced travel time, reduced vehicle operating costs as well as increased transport safety, contribution to the society (regional) development as a whole i.e. evaluation methods, are subject to certain discussions.