Exploding mobility demand and tight public budgets pose a challenge for providing adequate transport infrastructure for citizens and business
Paris/Leipzig – 22 May 2013.
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.
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 Ministers will discuss at the Leipzig Funding 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?
Nobel laureate Amartya Sen and 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 are among the invited guest speakers.
►Webcast of key events: www.internationaltransportforum.org/2013
►Download photos for media use: www.flickr.com/photos/internationaltransportforum
►The Summit on Twitter: @ITF_Forum (Hashtag: #FundingTransport)