Wider economic benefits beyond direct transport benefits are often claimed ex ante for major transport infrastructure projects. However, assessments of these benefits are rarely considered in official ex post evaluations. This paper considers the evidence of wider benefits of the new generation of light rail and tram schemes being developed especially in respect of Croydon Tramlink in Greater London. In particular, it examines the demographics and social profile of users, its impact on local employers and unemployment along the route, the effect on residential property prices, its impact on inward investment and perceptions and image of areas served. The analysis is based on both surveys of key stakeholders along the line of route and empirical analysis of economic indicators at the local level. The paper goes on to draw conclusions as as to how to maximise the economic, social and regenerative impacts of future rapid transit schemes. For the covering abstract see ITRD E128680.
Samenvatting