Track: Transportation and Traffic

Abstract

The essential component of any nation's transportation system is transportation infrastructure. The significance of transport as a driver for socio economic growth has increased in conjunction with the instigation of society and the escalation of foreign relations due to the globalization processes. Diverse facets of transport infrastructure growth operations have become rapidly the focus of scientific research. Transport is an indicator of economic performance as an economic factor and, at the same time, transport is a function of economic growth. Therefore, the issues of evaluating the efficiency of transport infrastructure and the relation between transport infrastructure and economic development are the topics for debate in both academic and non-academic circles. This paper evaluates the role of transport infrastructure in world economic growth, explains the idea of transportation infrastructure as an essential component of the transport system in a nation. Trade practices both in the global and local sense play a key role in economic and social development. Efficient flow of goods hinges extensively on transport infrastructure. The transport infrastructure will promote economic growth by promoting the movement of goods. This paper addresses four common types of improvements in transport infrastructure, and how they impact economic development.