This article recounts how a number of strategic infrastructure investment decisions in airport and rail development taken by the Singapore government were at variance with recommendations emerging from Cost-Benefit Analysis, but were considered necessary to support external competitiveness. This link between infrastructure provision and economic development may require decision makers to assess the trade-off between prudent macro-economic planning and efficient micro-economic management for major projects. In the case of airport hubs, the most difficult assessment might be the game consideration of how much, and how far ahead, excess capacity is needed to ensure the dominance of the hub.
Transport infrastructure investments, Economic development
Asian Studies | Public Economics
Strategic Development of Airport and Rail Infrastructure: The Case of Singapore. (2002). Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/1900
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