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The central financing problem is often not the absence of capital, but the absence of bankable systems, credible counterparties and coordinated project pipelines.
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Physical infrastructure creates transformation only when institutions and markets convert assets into lower costs, greater productivity and expanded productive capability.
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Transport corridors should be assessed as production systems linking infrastructure, industry, energy, logistics, finance, skills and markets.
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TAY moves from signal to system constraint, institution, capital, intervention and measurable economic consequence.
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Economic transformation depends on institutions that can coordinate policy, capital and implementation across systems.
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