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

  • Mega trends will challenge transport technology
    June 5, 2015
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
  • Joint IBTTA and ITS conference focuses on environmental issues
    March 12, 2012
    In St Louis on 4-6 October, the IBTTA and ITS America will be co-sponsoring their first joint event, which is intended to address the burgeoning environmental issues affecting road transport infrastructures. Here, Steve Snider and Larry Yermack, the two chief meeting organisers, talk about the event and its aims
  • Amey: Mobility must focus on collaboration
    November 26, 2019
    Traditional modes of transport are being disrupted by new technologies and private sector businesses. Amey says that sustainability and the need to forge partnerships will be key going forward.
  • Arup picks 8 ways ITS can save the planet
    January 6, 2022
    The solutions we need to accelerate carbon-free transport are known, available and ready to be deployed. Tim Gammons from Arup explains what the ITS industry can do now to help…