The Role of Road Transport Infrastructure in Shaping Property Values in West African (Ghana and Nigeria): A Review of Literature

Chinago Budnukaeku Alexander and Ikechi Okpakam
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Chinago Budnukaeku Alexander: Department of Transport Planning and Management, Captain Elechi Amadi Polytechnic, Rumuola, Port Harcourt, Nigeria
Ikechi Okpakam: Department of Geography and Environmental Studies, Ignatius Ajuru University of Education, Port Harcourt, Nigeria

Frontiers in Management Science, 2024, vol. 3, issue 4, 52-64

Abstract: This study investigates the multifaceted impacts of road transport infrastructure on property values in West African cities, emphasizing urban and peri-urban settings. The research integrates a comprehensive literature review with empirical analyses to explore the factors affecting property value dynamics, including proximity to roads, traffic congestion, noise pollution, and socio-economic characteristics. Empirical evidence from countries such as Ghana and Nigeria reveal that well-planned road improvements generally enhance property values by improving accessibility and connectivity. However, challenges such as increased noise levels and traffic congestion can detract from residential desirability, particularly in densely populated urban areas. The study underscores the importance of integrated urban planning strategies that balance infrastructure development with environmental sustainability and community well-being. Recommendations for policymakers and urban planners include investment in infrastructure maintenance, the promotion of sustainable transport modes, and enhanced community engagement to align road transport projects with local development priorities. By addressing these issues, the study provides valuable insights for achieving sustainable urban growth and equitable property market outcomes in West Africa. This research contributes to the broader understanding of urban dynamics in developing regions and highlights the critical role of strategic infrastructure planning in shaping urban environments and property markets.

Keywords: road transport infrastructure; property values; urban planning; West Africa; traffic congestion; noise pollution; sustainable development (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bdz:frmans:v:3:y:2024:i:4:p:52-64

DOI: 10.56397/FMS.2024.08.06

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