Projects with Significant Expected Restructuring Effects

This note focuses on the economic
evaluation of more conventional infrastructure investments,
and specifically on two types of projects which may result
in significant economic restructuring - relocation of
economic activities, generation of new activities, or
changes in the way that current activities are undertaken.
The two examples used: new urban rail lines and major new
barrier crossings serve simply as examples of a much wider
issue. The issue is that whenever projects bring about a
large step change in transport costs, there is a stimulus
for a reorganization of economic activity outside the
transport sector.