Enhancing Economic Growth through Transport Corridors: A Study of the Central Corridor Transit Transport Facilitation Agency

Abstract

Abstract

Transport corridors are critical conduits for facilitating trade, regional integration, and economic growth, particularly in regions with landlocked countries. This study examines the role of the Central Corridor Transit Transport Facilitation Agency in enhancing economic growth through the integration of infrastructure development, ICT solutions, and public-private partnerships (PPPs). Using a mixed-methods approach, the study analyzes data from regression analysis and qualitative interviews to assess the impact of these factors on economic performance. The findings reveal that infrastructure development has the most significant influence on economic growth, followed by ICT integration and PPPs. Infrastructure improvements, such as roads, rail, and port facilities, reduce transportation costs and transit delays, while ICT adoption streamlines logistics processes, enhances transparency, and improves operational efficiency. PPPs, though less direct in impact, play a crucial role in addressing funding gaps and fostering innovation in infrastructure projects. The study concludes that a multi-faceted approach combining investments in physical infrastructure, digital technologies, and collaborative frameworks is essential for optimizing the Central Corridor’s potential as a trade facilitator. Policy recommendations include prioritizing infrastructure investments, harmonizing ICT systems across borders, strengthening regulatory frameworks for PPPs, and enhancing regional cooperation. These measures can significantly boost the corridor's efficiency, making it a vital driver of economic growth for East and Central Africa.

Keywords: Economic Growth, Infrastructure Development, ICT Integration, Public-Private Partnerships (PPPs), Trade Facilitation, Regional Integration, Logistics Efficiency, Transit Transport Systems