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

  • July 19, 2012
    Economic stimulus packages - shift in emphasis on exit strategies
    Jack Short of the International Transport Forum discusses the role of stimulus finding and the path in and out of recession. The US Government has grabbed many headlines with the American Recovery and Reinvestment Act (ARRA), its response to the need to do something to prevent stagnation in the face of the recent economic downturn.
  • November 7, 2014
    White Paper focuses on British Columbia infrastructure needs
    With the economic prosperity of British Columbia and Western Canada relying increasingly on global trade and our ability to deliver goods to foreign markets, the Business Council of British Columbia (BCBC) has released Building BC for the 21st Century: A White Paper on Infrastructure Policy and Financing in advance of its second annual BC Business Summit today. The paper examines the existing infrastructure networks – including transport, utilities, telecommunications, hospitals and schools – and their
  • March 11, 2016
    The FIA’s formula for future mobility
    The FIA’s Region I president Thierry Willemarck tells Colin Sowman about his organisation’s campaigning work for the rights of road users and mobility for all. The Fédération Internationale de l’Automobile may be best known as the FIA and the governing body for world motor sport - particularly Formula 1 - but its influence spreads far wider than the racetrack. The organisation was founded in 1904 with a remit to safeguard the rights and promote the interests of motorists and motor sport across the world. No
  • April 25, 2012
    Road safety - the challenge ahead
    More than 1.3 million people die in road accidents each year. If nothing is done, this already chilling figure risks to rise to 1.9 million deaths per year. Around 90 per cent of road fatalities occur in emerging and developing countries. Here, the mixture of population growth and higher numbers of vehicles due to rising incomes are proving a deadly combination, as infrastructure and regulatory environment have difficulty keeping pace.