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

  • Fluor: here's how to fix US infrastructure
    June 14, 2018
    US president Donald Trump’s comments about the country’s ‘crumbling infrastructure’ led many in the ITS sector to spot an opportunity to help with other solutions. David Seaton of Fluor ponders the scale of what’s required and considers some projects which have boosted mobility We can no longer wait for future generations to address this nation’s crumbling infrastructure. We need to act now. The problem is substantial, to say the least. The American Society of Civil Engineers predicts that failing to clo
  • New International Transport Forum secretary-general takes office
    August 17, 2012
    The International Transport Forum (ITF) at the OECD, an intergovernmental organisation with 54 member countries that acts as a strategic think tank for global transport policy and organises an annual summit of transport ministers, has announced that internationally renowned academic José Viegas of Portugal has taken office as secretary-general of the organisation. Elected by Ministers from Forum member countries at their summit in May, he joins the ITF from an internationally recognised career as an academi
  • Progress towards a pan-European cooperative infrastructure
    July 17, 2012
    Kallistratos Dionelis, General Secretary of ASECAP, makes the case for a lightly regulated, staged progression towards a pan-European cooperative infrastructure environment, the achievement of which should look to engender cooperation between the public and private sectors. Such an approach, he says, is the only real path to success.
  • ITS World Congress 2021: making it real
    August 17, 2021
    ITS World Congress 2021 will be held in Hamburg, Germany, in October, and will focus on showcasing the reality of ITS innovations now, says organiser Ertico-ITS Europe