'Investment Corridor' - Economics?
I'm writing a paper on the economic development of a country, but have come across this term when doing research? Apparently the country 'launched' several investment corridors - anyone know what this means?
Answer:
It seems that Investment corridor is an atempt towards area development along the hinterland of a major road/ rail/ transport network initiated by local bodoes/State govt.s.
One example; Improving the railroad for freight and passenger service drives the selection of projects for NCRR's Capital Investment Program. The strength of the state's rail transportation infrastructure depends on the quality of rail, the width and height of bridges, the technology in signaling equipment and the capacity of the corridor to serve increasing demands for more trains. NCRR works with the North Carolina Department of Transportation, Norfolk Southern Railway and the communities through which it extends to select those projects that will have the most beneficial impact on the state's economy.
Another example: The intent of this project is to develop a conceptual framework for evaluating competing corridor investment projects in order to determine those projects that most improve transportation-related well-being within the limits of resources available. The framework must be able to incorporate and organize contributions to and deductions from well-being that are both monetary and non-monetary.
Those who will benefit from this research, include the residents of Missouri, as well as the other states who make up the Midwest Transportation Consortium, which are Iowa, Kansas and Nebraska, and ultimately, the nation. A critical component of the framework must be the information needs that feed decision-making, particularly in the areas of remote sensing and geographic information systems (GIS) that respond to the spatial nature of transportation projects and their impacts.
Project Methodology
We are utilizing the structure of an Advisory group and individual focus groups to identify and describe transportation impacts on well-being (e.g. economic development, travel time, access, safety, environmental quality, neighborhoods). Focus groups will represent various perspectives on transportation investment utility
Example 3: The Muhimbili University College of Health Sciences (MUCHS) will soon start an investment corridor on 3,800- acre pieces of land it has acquired in Dar es Salaam and Coast regions.
The land is at Kwembe-Kati, in Kinondoni, Dar es Salaam Region and Kisopwa/ Mloganzila in Kisarawe District, Coast Region.
MUCHS Director of Planning and Development Professor David Ngassapa said yesterday in Dar es Salaam that the planned investment corridor would have a modern medicine manufacturing factory.
Prof Ngassapa stated that a feasibility study on the establishment of the investment corridor has already been carried out.
�We are currently looking for a viable foreign investor from the US to invest in the planned medicine manufacturing plant,� he said.
Prof Ngassapa went on to say that the factory would also be used for offering degree courses to students, who would be pursuing degrees in pharmaceuticals.
Apart from the factory, lecture theatres, residential halls, cafeterias and a hospital for teaching medical doctors, would be put up on the land.
The university has submitted its charter to the government for approval, he said.
�We have submitted a charter asking the government to elevate our university college to a fully-fledged university independent of the University of Dar es Salaam (UDSM),� Prof Ngassapa stated.
Ex 4:Community Design + Architecture, as a subconsultant to Nelson/Nygaard, is part of a team studying proposed corridors for high-capacity transit investment in the Fresno Metropolitan Area. The local transit agency’s Long Range Transit Master Plan and the City of Fresno’s 2025 General Plan identify four major transit corridors that could potentially support the implementation of high-capacity transit service in the future. These are Blackstone Avenue, Shaw Avenue, Cedar Avenue, and Ventura/Kings Canyon.
The objective of this project, the Alternative Mass Transportation Pre-Major Investment Study, is to determine which of these four corridors should be the highest priority for potential transit investments, the cost associated with the alternatives, and if there is adequate community support to justify further analysis up to and including the funding of a comprehensive Major Investment Study.
To this end, Community Design + Architecture studied land use patterns along each of the corridors. CD+A also conducted an analysis of existing land use and transportation policies to determine whether they are supportive of high capacity transit (HCT) services. The team reviewed existing policies to determine which corridors best support the implementation of HCT, including multi-modal transportation, circulation and parking; integration of freight (loading zones and hours); supportive development practices, guidelines, and goals; and congestion management policies and programs.
The team plans to conduct a charrette inviting the public, staff from affected agencies, and other stakeholders to formulate goals and objectives that will aid in assessing the alternatives. The team has prepared materials for an educational component demonstrating how each corridor might look with integrated HCT, various options for HCT, and land use practices and policies that are supportive of HCT.
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