ECONOMIC IMPACT ANALYSIS: A CASE STUDY OF BANG PA-IN – NAKHON RATCHASIMA INTERCITY MOTORWAY PROJECT

Abstract

This research aimed to achieve the following: (1) to study and perform comparative analysis on the development of transport infrastructure. In the case of Germany, Sweden, Belgium, Austria, Japan and Thailand, the documentary research method was employed; and (2) to analyze the economic impact of the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project. An analysis of the production factors and outputs that have been further improved in the construction sector of the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project. These factors will be incorporated into the production and output tables. The aspect of economic expansion was analyzed using the night-time light index and interested person impact analysis by interviewing 10 people. The research findings indicated the following: (1) In Germany, Sweden, Belgium, Austria and Japan there were developments in terms of road transport to connect modes of transport, to develop intelligent digital transportation, and to solve environmental sustainability problems. Thailand has only begun to develop transportation combined with other forms of transportation to support the needs of the people; (2) The backward multipliers of the intercity expressway project mentioned had higher values than the forward multipliers. This demonstrated that the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project has a greater impact on connecting with other industries in the upstream sector. The Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project resulted in an overall increase of 0.319% in the national gross domestic product (GDP) compared to the baseline case, which is equivalent to a value of 44,368.03 million Baht and job creation. The expansion of night-time lights from before the project showed that the project contributed to economic expansion. The project has a positive impact on increasing the value of land, reducing traffic congestion, travel time, and freight costs, increasing investment trade to spread prosperity to the region, while the negative effects made it more difficult for people to travel in the area and residential land expropriation problems.

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