External Benefits In Railway
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External Benefits are benefits that occur when producing or consuming a good which causes a benefit to a third party. Some benefits that could results from the railway extension development are:
After the project is completed, the demand of labor will also increase as more workers are needed to help run the station.
On the MTR Express Rail Link webpage, it states that it will create approximately 11,000 employment opportunities during the peak of construction.
- Job Creation
After the project is completed, the demand of labor will also increase as more workers are needed to help run the station.
On the MTR Express Rail Link webpage, it states that it will create approximately 11,000 employment opportunities during the peak of construction.
- Training and education
- Transport to various places at a cheap cost
- Efficiency
- Environmentally friendly
Sources:
- http://www.economicshelp.org/blog/glossary/external-benefits/
- http://www.mtr-shatincentrallink.hk/en/project-details/benefit.html
- http://www.expressraillink.hk/en/project-details/benefits.html
- http://www.mtr-southislandline.hk/en/key-information/benefits.html
- http://www.mtr-kwuntonglineextension.hk/en/project-details/benefit.html