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

  • The road factor in economic transformation
    April 27, 2012
    The organisers of the 14th Road Engineering Association of Asia and Australia (REAAA) being held from 26-28 March, 2013 in Kuala Lumpur, Malaysia, have issued a call for papers from local and international authors, with a deadline for abstracts of 1 June, 2012. The theme of the event (www.14reaaaconf2013.com) is “The road factor in economic transformation” and as the organisers point out, roads are the arteries of a nation facilitating the transportation of the required synergy for economic transformation.
  • UK set to lead the way for smart cities
    January 20, 2014
    Government, cities, businesses and universities are joining forces to make sure the UK is leading the global race to develop smarter cities. A new forum led by government, will see local authorities and businesses working together to ensure that growth opportunities are not missed in a market estimated to be worth more than US$400 billion globally by 2020. The Smart Cities Forum, co-chaired by Universities and Science Minister David Willetts and Cities Minister Greg Clark, will develop plans to support t
  • EU Transport Commissioner encourages cross-border cooperation
    May 25, 2016
    Opening the 2016 General Assembly of the European Innovation Partnership (EIP) on Smart Cities and Communities (EIP SCC) which aims to improve urban life through more sustainable integrated solutions in transport, energy and ICT sectors, European Transport Commissioner Violeta Bulc challenged cities and companies to cooperate across borders, to accelerate and scale investment. She said: "Cleaner air, safer transport networks, reducing congestion, optimising use of existing infrastructure – these are just
  • Mixed results for public-private traffic management partnerships
    January 25, 2012
    David Crawford looks at the somewhat patchy success to date of trying to involve the private sector in operating traffic management centres