Publication Type
Journal Article
Version
submittedVersion
Publication Date
1-2003
Abstract
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.
Keywords
Transport infrastructure investments, Economic development, Singapore
Discipline
Asian Studies | Growth and Development | Urban Studies
Research Areas
Applied Microeconomics
Publication
Transport Policy
Volume
10
Issue
1
First Page
27
Last Page
33
ISSN
0967-070X
Identifier
10.1016/s0967-070x(02)00027-6
Publisher
Elsevier
Citation
PHANG, Sock-Yong.
Strategic Development of Airport and Rail Infrastructure: The Case of Singapore. (2003). Transport Policy. 10, (1), 27-33.
Available at: https://ink.library.smu.edu.sg/soe_research/428
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/s0967-070x(02)00027-6