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TEUL3007 - Transport investment and economic growth elasticities

DfTc - Department for Transport

Buyer Contact Info

Buyer Name: DfTc - Department for Transport

Buyer Address: Great Minster House, London, SW1P 4DR, England

Contact Email: frankie.dooknah@dft.gov.uk

Status
complete
Procedure
selective
Value
58200.0 GBP
Published
21 Jul 2025, 08:05
Deadline
04 Jun 2025, 12:00
Contract Start
17 Jul 2025, 23:00
Contract End
18 Jan 2026, 23:59
Category
services
CPV
73100000 - Research and experimental development services
Region
n/a
Awarded To
CEPA LLP
Official Source
Open Contracts Finder

Description

This project will build upon and review existing academic literature which evaluates the impact of transport interventions on GDP. The current evidence in this space is varied, with Melo, et. al. (2013) estimating a mean elasticity of 0.060 and a median elasticity of 0.016. However, only 31% of the interventions in this sample took place in Europe, raising questions around the study's application of the elasticity to the UK context. Whilst this study states that there is likely to be even greater returns to investment in economic infrastructure including transport (up to a third greater impact), there is limited evidence supporting this assertion. This research will update the existing evidence base and provide elasticity estimates more rel

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Opportunity Context

Raw Notice JSON

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