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.

Related Content

  • May 24, 2013
    Japanese airport wins transport achievement award
    The International Transport Forum’s (ITF) global summit of Transport Ministers has recognised Osaka’s New Kansai International Airport Company (NKIAC) for its model of funding key transport infrastructure, with the award of its 2013 Transport Achievement Award. Established by the Japanese government in 2012, NKIAC integrated the operation of Osaka’s two major air hubs, Kansai International Airport (KIX) and Osaka International Airport (ITM). Under this new structure, funding for a dedicated low-cost carrier
  • November 4, 2019
    European Bank presents transport funding plan to 2024
    The European Bank for Reconstruction and Development (EBRD) is setting out its new transport development plan for the coming five years.
  • October 13, 2015
    Transport in the round
    The ITF’s Mary Crass tells Colin Sowman why future transport demands will require governments to overcome the silo effect of individual single-modal authorities. The only global multimodal transport policy organisation,” is how Mary Crass describes the International Transport Forum (ITF), which is housed at the Organisation for Economic Cooperation and Development (OECD). As head of policy and summit preparation at the ITF she says: “All other organisations are either regional or have a modal focus, we cove
  • May 18, 2012
    Transport Ministers meet in Germany today for global summit
    Transport Ministers from the 52 member countries of the International Transport Forum at the OECD gather in Leipzig, Germany today for a three day summit on the future of global mobility.