Investing in Transportation: An Effective Road Map to Sustainable Economic Growth

Transportation as the bedrock of all human activities transcends beyond the basic purpose of moving goods and services from one place to another.There exists a strong relationship between transport investment and economic growth having a whole lot of economic roles.Transportation investment provides direct and indirect impacts on any nation's economy.The direct impacts are the connection and accessibility that transport facilities can provide to the markets by saving time and money.The indirect impacts are the economic multiplier effects when the prices of goods and services increase with diversification.The paper provides a review of the economic roles, the direct and indirect economic impacts of transport investment and the supply and demand for transport.The review further highlights the operational mechanisms of improving and sustaining transport facilities for sustainable economic growth.