Market Infrastructure Planning. A Guide for Decision Makers
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The development of market infrastructure has had a rather chequered history. Many developments have been too large or have failed to attract users and, consequently, have not been economically, financially or socially viable. Usually, the reason for this failure was that the critical first steps in the development cycle, when the basic strategic and planning decisions should be taken and when the development or “accommodation brief”* should be formulated, were overlooked.* This term is defined i n more detail in Chapter 5. To prepare a master plan for market development and, subsequently, to prepare infrastructure designs and budget costs, will require an accommodation brief. Broadly, the brief restates in physical terms the issues influencing the market design process, including policy, social, operational, management and economic factors.