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

  • How MaaS delivers public sector value
    June 28, 2021
    MaaS can be much more than a vehicle to help cities and governments to better align with societal, environmental and economic policies and goals, explains Scott Shepard of Iomob
  • Autumn budget: EV charging infrastructure fund and higher tax rates for diesel vehicles
    November 23, 2017
    Chancellor of the Exchequer Philip Hammond has announced a £400m ($532m) charging infrastructure fund for electric vehicles (EVs), an extra £100m ($133m) investment in Plug-In-Car Grant, and a £40m ($53m) in charging R&D in the UK’s Autumn Budget 2017. He added that laws need to be clarified so that motorists who charge their EVs at work will not face a benefit-in-kind charge from next year.
  • UK puts £3bn into new bus strategy
    March 16, 2021
    Daily fare caps, plus better coordination of multimodal services, are promised
  • Dutch pavilion at Intertraffic focuses on smart mobility
    March 3, 2016
    The Netherlands has the ambition to head the field in the area of cooperative ITS and smart mobility. The country needs innovative mobility solutions to keep its urban delta open, healthy and safe and to support economic growth. For the Netherlands, ITS creates an opportunity to foster innovation and strengthen its competitive position within supplier- and after-markets. Thanks to the country’s highly developed and dense traffic network, the Netherlands is eminently suitable as a development and large-scale