The mobility opportunity: improving public transport to drive economic growth: preview edition

Efficient transport can attract economic activity to cities, and boost productivity by improving connectivity and reducing time lost to travel. Better transport can also improve quality of life. Making a city more attractive to live in helps provide business with the labour force to create its products and buyers to consume them, and so fuels economic growth. Conversely, inefficient transport networks represent a cost to cities and their inhabitants – both in economic and welfare terms - through productive time lost to travel and through poor-quality service. This study is unique in seeking to put an economic value on the cost of inefficient transport to a city’s economy and in turn, the economic benefits investing in transport improvements would bring. It quantifies the economic costs by calculating the true cost of commuting: considering factors such as journey time, the value of time, fare, crowding levels, ease of using the network, service reliability, user functionality and so on. This reflects the efficiency and speed with which a journey can be undertaken in a given city, capturing the knock-on effects on productivity. Investing in transport to reduce this cost would bring benefits for commuters and business, drive productivity and stimulate new economic activity as a city becomes better connected and more attractive.

Language

  • English

Media Info

  • Pagination: 61p

Subject/Index Terms

Filing Info

  • Accession Number: 01530498
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Jul 15 2014 2:32PM