Rethinking the Transport Infrastructure-Led Development Model

Weidong Liu and Wei Xiong
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Weidong Liu: Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Wei Xiong: Key Laboratory of Regional Sustainable Development Modeling, Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China

Sustainability, 2021, vol. 14, issue 1, 1-11

Abstract: Transport infrastructure-led development has been well recognized, especially in regard to China’s achievement, which has led to a growing range of programs and initiatives. However, some failures have subsequently raised debates over the effectiveness of such a development model, but existing studies have not yet given satisfactory explanations. This paper aims to provide an effective interpretation from the perspective of sustainable transport infrastructure by rethinking the transport infrastructure-led development model. According to our study, researchers have paid more attention to the development benefits of transport infrastructure and the mechanism, while constraints of different financing sources and patterns on the sustainability of transport infrastructure have been neglected, though financing patterns have drawn much attention. In this paper, we argue that the degree of constraints from financing patterns greatly impact the achievement of development benefits, in which the trade-off between cash-back and long-term benefits is essential for achieving the sustainability of transport infrastructure.

Keywords: transport infrastructure-led development; sustainable transport infrastructure; trade-off; financing patterns; development benefits (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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