Social and Economic Impacts of Transportation Multi-Modal and Multi-Service Hub Development

This article aims to offer a novel perspective on investments in new multi-modal and multi-service transportation hubs, examining their wider economic and social impacts. Through a systematic literature review following a “What, When, Where” approach, as well as a meta-analysis based on the results of selected studies, this research synthesizes existing knowledge and identifies gaps in the field. Key findings indicate that developments of new transportation hubs receive the most attention, particularly concerning their effects on real estate and employment markets. Transit-induced gentrification is also widely discussed, with evidence suggesting it may also affect the commercial sector. Additionally, this review reveals that potential benefits can vary among stakeholders and may begin to emerge not only once projects are operational but also as early as the announcement phase. This article concludes that while investments in transport infrastructure are essential, they are not sufficient alone for sustainable urban development. Complementary policies, such as affordable housing, public safety initiatives, and the promotion of community engagement, along with continuous impact monitoring, are key planning drivers for achieving inclusive and sustainable growth. The insights obtained from this research may work as a knowledge tool for designing more sustainable and effective transportation policies.