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

  • EU regions urge adequate funding for sustainable transport
    April 21, 2015
    The European Committee of the Regions (CoR) is concerned by the lack of investment by the EU in the transport sector. According to regions and cities, very little progress has been made also in integrating the European transport market in the last four years. These concerns were debated by CoR members at the 16 April plenary session, which saw the adoption of the opinion on the implementation of the 2011 European Commission White Paper on Transport, aiming to create a single European transport area. The
  • Government to reform strategic road network in England
    July 17, 2013
    The national network of motorways and trunk roads in England will get extra lanes, smoother, quieter surfaces, improved junctions and new sections in key areas under a plan launched this week by Transport Secretary Patrick McLoughlin. £28 (US$42.5) billion of investment, which includes a trebling of funding for motorways and major A-roads, will lead to the biggest ever upgrade of the existing network. The focus will be on cutting congestion and minimising the environmental impact of roads, including an extr
  • ‘Biggest upgrade to roads in a generation’
    December 1, 2014
    An ambitious US$23.5 billion plan to triple levels of spending by the end of the decade to increase the capacity and condition of England’s roads was announced to Parliament today by Transport Secretary Patrick McLoughlin and Chief Secretary to the Treasury Danny Alexander. The government is investing in more than 100 new road schemes over this parliament and next, 84 of which are brand new today. Over 1,300 new lane miles will be added by schemes being delivered over the next parliament on motorways
  • Social innovation driving ‘smart’ infrastructure
    February 19, 2014
    The first Social Innovation Forum taking place today in Istanbul, Turkey will focus on urban development and how new, ‘smart’ technologies can deliver innovations that answer society's challenges. Cities are projected to host almost 54 per cent of the world's population by next year, with the United Nations estimating that up to 80 per cent, or approximately 7.5 billion people, of the global population will live in urban areas by 2050. Urbanisation is leading to further stress on infrastructure – power d