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Transport Ministers discuss funding dilemma at global summit 22-24 May 2013

FOLLOW KEY WEBCASTS THROUGHOUT THE NEXT 3 DAYS.

As we frequently note (see for example some of our previous articles here and here), exploding mobility demand and tight public budgets pose a challenge for providing adequate transport infrastructure for people and businesses in the future.

Ministers responsible for transport infrastructure from the 54 member countries of the International Transport Forum at the OECD are meeting today in Leipzig, Germany, for a three-day summit to discuss the future of funding transport.

Follow the summit's key webcasts live over the next 3 days at www.internationaltransportforum.org/2013

Why are transport ministers meeting?
  • Infrastructure is increasingly an inter-dependent system; transport, energy, water, communications are now totally trans-national, and no respecters of boundaries.
  • Air passenger travel is projected to double, air transport to triple and container handling in ports to quadruple by 2030.
  • Investment needs for transport infrastructure to 2030 are estimated at USD 11 trillion for ports, airports and key rail lines alone.
  • Current infrastructure could accommodate only a 50% increase in demand (OECD figures).

With public budgets constrained in view of the financial and economic crisis, funding infrastructure improvements is a major issue facing governments around the world.

 

Key aspects to be discussed at the summit include
  • Investing for Growth? 
  • Taking stock of Public-Private Partnerships 
  • Aviation’s quest for financial sustainability 
  • Attracting private finance and ensuring predictable funding 
  • Defining spending priorities: What’s first?
Some key speakers include
  • Nobel laureate Amartya Sen
  • John Micklethwait, editor-in-chief of The Economist newspaper,
  • Temel Kotil, CEO of Turkish Airlines,
  • Jichang Zhou, Chairman of China Communications Construction Company (CCCC) and
  • David Fass, CEO (EMEA) of Macquarie Group.

Follow the summit on Twitter @ITF_Forum (Hashtag: #FundingTransport), and follow the summit's key webcasts live over the next 3 days at www.internationaltransportforum.org/2013

We will be!

 

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