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Strategic development of airport and rail infrastructure: the case of Singapore

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Phang, Sock-Yong

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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.

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File URL: http://www.sciencedirect.com/science/article/B6VGG-475RG1P-1/2/01b2b00dd82f2fc09912dd69c738e462
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Publisher Info
Article provided by Elsevier in its journal Transport Policy.

Volume (Year): 10 (2003)
Issue (Month): 1 (January)
Pages: 27-33
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Handle: RePEc:eee:trapol:v:10:y:2003:i:1:p:27-33

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  1. Gines de RUS, 2006. "Economic evaluation and incentives in transport infrastructure investment," Departemental Working Papers 2006-25, Department of Economics University of Milan Italy. [Downloadable!]
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This page was last updated on 2009-12-3.

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