Transport infrastructure is defined as the social overhead capital that can be used to give support to the movement of freight and people. In any developed economy, a considerable sum of social capital is usually set aside to develop the transport infrastructure. Transport infrastructure generates both negative and positive externalities. Investments made in the local transport infrastructure are seen as the primary stimulus for the regional economic development. This is seen when roads unlock employment opportunities and market that can benefit the third parties which may include workers and local businesses. Any time there is a change in the infrastructure, there are changes in the cost of travel and as a result the producer and consumer behavior becomes influenced (young 6).
Economics of transportation comprises of transport operations which are considered as the assessments that dictate