# TEUL3007 - Transport investment and economic growth elasticities

> A sourced UK public sector contract award published by DfTc - Department for Transport.

## Key facts

- Buyer: [DfTc - Department for Transport](/buyers/dftc-department-for-transport/contract-awards)
- Supplier: [CEPA LLP](/suppliers/cepa/public-sector-contract-awards)
- Award value: £58,200
- Tender value: £58,200
- Award date: 18 July 2025
- Published: 21 July 2025
- Contract start: 18 July 2025
- Contract end: 18 January 2026
- Stage: awarded
- Procurement category: services
- Notice ID: 6ff43982-b619-4b02-892d-781dcd9e46b8-855174
- OCID: ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b

## 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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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/6ff43982-b619-4b02-892d-781dcd9e46b8-855174)