Re-appraising ‘in-process’ benefits of strategic infrastructure improvements: Capturing the unexpected socio-economic impacts for lagging regions

Munday, Max ORCID: https://orcid.org/0000-0001-9067-2481, Reynolds, Laura and Roberts, Annette ORCID: https://orcid.org/0000-0002-6617-7808 2023. Re-appraising ‘in-process’ benefits of strategic infrastructure improvements: Capturing the unexpected socio-economic impacts for lagging regions. Transport Policy 134 , pp. 119-127. 10.1016/j.tranpol.2023.02.012

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Abstract

The paper explores the scope of transportation infrastructure appraisal approaches for capturing in-process (during design/development and construction) socio-economic impacts. In-process socio-economic impacts are explored through the case of a major road infrastructure improvement programme in South Wales, United Kingdom. The study posits that monitoring in-process benefits can provide a more holistic understanding of impacts to better inform appraisal approaches, addressing concerns over existing appraisal transparency and accountability. Advancing monitoring and appraisal in this way means that more unexpected socio-economic outcomes for regional economies can be understood. These impacts are illustrated through the labour market, skills and wider supply side legacy benefits resulting from direct project activity. The paper reveals the potential outcomes of capturing these in-process socio-economic benefits when supporting local economies in lagging regions.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Additional Information:	License information from Publisher: LICENSE 1: URL: http://creativecommons.org/licenses/by/4.0/, Start Date: 2023-02-14
Publisher:	Elsevier
ISSN:	0967-070X
Date of First Compliant Deposit:	17 February 2023
Date of Acceptance:	10 February 2023
Last Modified:	04 May 2023 17:47
URI:	https://orca.cardiff.ac.uk/id/eprint/157129

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