Skip to main content

Global Summit of Transport Ministers calls for better transport funding

Ministers from the 54 member countries of the International Transport Forum are calling for more investment in strategic transport infrastructure and services. In a joint Declaration on Funding Transport agreed during their 2013 Summit in Leipzig, Germany, ministers stated that funding transport is a major challenge for transport policy today. The demand for mobility through high-quality transport networks and services is growing fast. They say transport infrastructure is much more than asphalt, concrete or
May 28, 2013 Read time: 1 min
Ministers from the 54 member countries of the 998 International Transport Forum are calling for more investment in strategic transport infrastructure and services.
 
In a joint Declaration on Funding Transport agreed during their 2013 Summit in Leipzig, Germany, ministers stated that funding transport is a major challenge for transport policy today. The demand for mobility through high-quality transport networks and services is growing fast.

They say transport infrastructure is much more than asphalt, concrete or steel; it is the backbone of national economies, providing connections for people and goods, access to jobs and services, and enabling trade and economic growth”, Ministers say.

With investment in transport infrastructure a long-term venture, robust, credible funding solutions that support trade, economic growth and environmental and social sustainability are urgently needed.

With both public budgets and private sector resources under constraint, government authorities and industry must together seek new ways of ensuring stable, long-term funding for the sector.

For more information on companies in this article

Related Content

  • New USDOT report points to need for more investment in highways, transit
    March 3, 2014
    US Transportation Secretary Anthony Foxx has announced that a new report on the state of America's transportation infrastructure, 2013 Status of the Nation's Highways, Bridges and Transit: Conditions and Performance, confirms that more investment is needed to maintain and improve the nation's highway and transit systems. Last month, Secretary Foxx highlighted the need for transportation investment in a speech that took aim at America’s infrastructure deficit and identified ways to use innovation and improv
  • Changing roles in data collection for traffic management
    January 23, 2012
    Transport for Greater Manchester's David Hytch discusses the evolving roles of the public and private sector in managing and disseminating data. Data services for traffic management were once the sole preserve of public sector organisations, they being uniquely placed and equipped for the work involved. Now, though, this is changing. There is even a presumption in some countries that the private sector will take a greater, if not actually a lead, role in the provision of information for transport management
  • Transport academics call for road user charging
    January 22, 2013
    In an open letter to UK Transport Secretary Patrick McLoughlin, thirty-two leading transport academics have said that in order to cut emissions and tackle congestion the government should introduce pay as you drive road charging. The academics argue that traffic will increase with further investment in the road network. They say smart demand management measures need to be accelerated, while cities are not equipped for further road traffic growth. The previous government considered pay as you go road chargin
  • Middle East Looks to road charging for congestion relief
    January 26, 2012
    On the eve of the Gulf Traffic show in Dubai, ITS Arab secretary general and Innova Consulting managing director Zeina Nazer reviews prospects for road user charging in the Middle East and North Africa