From Sidewalk to Subway
This brief talks about achieving sustainable financing for urban transport in developing countries. The state of urban travel in many developing countries is grim. Congestion and low-quality infrastructure, including limited network coverage and poor roads and sidewalks slow travel times, which slows economic development. Lower-income residents rely the most on public transport and bear a disproportionate share of the burden of its failures. The low quality of urban public transport systems in developing countries indicates a chronic financing gap, underfinancing for capital investments, operations, and maintenance. Though urbanization is an important ingredient in poverty reduction, it inevitably strains urban transport, so it is widening the financing gap. World Bank research released this year has pinpointed sources of the financing problem and proposed a response based on the concept of, "who benefits, pays." By tapping into innovative revenue sources that promote efficient pricing, increase overall revenue, and strengthen all elements of sustainable transport, urban areas in developing countries can fund a wide variety of urban transport projects in a manner that will ensure their sustainability. To conclude, by combining appropriate financing instruments and focusing on the “Who benefits, pays” principle, overburdened urban transport systems can be revived with wise and sustainable investments to cover capital, operation and maintenance of all parts of a transport system,“from the sidewalk to the subway.”
| Main Authors: | , |
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| Format: | Brief biblioteca |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016-06
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| Subjects: | sustainable finance, urban transport, |
| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26552761/sidewalk-subway-achieving-sustainable-financing-urban-transport https://hdl.handle.net/10986/25011 |
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| Summary: | This brief talks about achieving
sustainable financing for urban transport in developing
countries. The state of urban travel in many developing
countries is grim. Congestion and low-quality
infrastructure, including limited network coverage and poor
roads and sidewalks slow travel times, which slows economic
development. Lower-income residents rely the most on public
transport and bear a disproportionate share of the burden of
its failures. The low quality of urban public transport
systems in developing countries indicates a chronic
financing gap, underfinancing for capital investments,
operations, and maintenance. Though urbanization is an
important ingredient in poverty reduction, it inevitably
strains urban transport, so it is widening the financing
gap. World Bank research released this year has pinpointed
sources of the financing problem and proposed a response
based on the concept of, "who benefits, pays." By
tapping into innovative revenue sources that promote
efficient pricing, increase overall revenue, and strengthen
all elements of sustainable transport, urban areas in
developing countries can fund a wide variety of urban
transport projects in a manner that will ensure their
sustainability. To conclude, by combining appropriate
financing instruments and focusing on the “Who benefits,
pays” principle, overburdened urban transport systems can be
revived with wise and sustainable investments to cover
capital, operation and maintenance of all parts of a
transport system,“from the sidewalk to the subway.” |
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