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

  • Vendor's eye view of US economic stimulus programme
    March 12, 2012
    Pete Goldin explores the impact of the US economic stimulus programme on the ITS industry from the ITS vendor perspective
  • Transportation survey – industry on the move
    August 19, 2013
    US technology company AirSage has conducted what it says is the first in an annual look at the transportation industry and the professionals in it – with some interesting findings. Just released as an eBook, the AirSage Annual Transportation Industry Survey: an Industry on the Move, provides an insight into how US-based transportation planners and traffic engineers peers view the industry, their organisations, private versus government jobs, gender and age issues and more. Conducted During May and June 2013
  • Trials of new technologies to counter age-old work zone challenges
    May 19, 2017
    New solutions are being used to improve the management and safety of work zones on roads both big and small, as Jon Masters discovers. The UK government has recently been going to some lengths to paint a picture of a nation embracing a future of digital technology – understandably given the economic concerns arising from exiting the European Union. In December last year, however, the UK National Infrastructure Commission (NIC) put down a somewhat different marker for where the UK is now in terms of mobile c
  • Mexico City seeks solutions to improve air quality
    December 6, 2017
    David Crawford ponders prospects for one of the world’s most congested and polluted cities. In 1992, the United Nations named Mexico City as the world’s most polluted urban centre. In the first half of 2016, following the updating of pollution alert limits to meet international standards, Mexico recorded 115 days where ozone concentrations exceeded the acute exposure health limit.