Malaysia Economic Monitor, June 2015 : Transforming Urban Transport

After a strong finish in 2014, growth moderated in early 2015. Malaysia’s economy expanded by 6.0 percent in 2014, accelerating to 7.3 percent q/q saar in Q42014 due to resilient domestic demand and a pick-up of exports. Growth moderated to 4.7 per...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	CONGESTION PRICING LOCAL FUEL TAXES PRIVATE TRANSPORT PUBLIC TRANSPORT SUSTAINABLE FINANCING URBAN TRANSPORT
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24646735/malaysia-economic-monitor-transforming-urban-transport http://hdl.handle.net/10986/22038

id	okr-10986-22038
recordtype	oai_dc
spelling	okr-10986-220382021-04-23T14:04:06Z Malaysia Economic Monitor, June 2015 : Transforming Urban Transport World Bank CONGESTION PRICING LOCAL FUEL TAXES PRIVATE TRANSPORT PUBLIC TRANSPORT SUSTAINABLE FINANCING URBAN TRANSPORT After a strong finish in 2014, growth moderated in early 2015. Malaysia’s economy expanded by 6.0 percent in 2014, accelerating to 7.3 percent q/q saar in Q42014 due to resilient domestic demand and a pick-up of exports. Growth moderated to 4.7 percent q/q saar in Q1 2015 on account of weaker external demand, but domestic demand remained strong. To transform the planning and delivery of urban transport, Malaysia may consider prioritizing the following reforms: (a) Establish lead transport agencies at the conurbation level that spearhead an integrated approach towards the planning and delivery of urban transport across different modes; (b) identify and implement sustainable financing mechanisms for the lead agency. Introducing local taxes on fuel would not only result in environmental gains and trim the fiscal deficit (by RM10-19 billion), but also fund transport (for example, 24 percent of Vancouver’s transit system is funded by municipal gas taxes). Reviewing impediments to transit-oriented development will be another option, but should be considered alongside implications for affordability and inclusion; and (c) align policies to promote public transport with incentives to discourage the usage of private transport in congested areas. Introducing congestion pricing in areas well-covered by public transport as is done inSingapore will be an example of such policies. 2015-06-23T20:12:32Z 2015-06-23T20:12:32Z 2015-06 Report http://documents.worldbank.org/curated/en/2015/06/24646735/malaysia-economic-monitor-transforming-urban-transport http://hdl.handle.net/10986/22038 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Malaysia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	CONGESTION PRICING LOCAL FUEL TAXES PRIVATE TRANSPORT PUBLIC TRANSPORT SUSTAINABLE FINANCING URBAN TRANSPORT
spellingShingle	CONGESTION PRICING LOCAL FUEL TAXES PRIVATE TRANSPORT PUBLIC TRANSPORT SUSTAINABLE FINANCING URBAN TRANSPORT World Bank Malaysia Economic Monitor, June 2015 : Transforming Urban Transport
geographic_facet	East Asia and Pacific Malaysia
description	After a strong finish in 2014, growth moderated in early 2015. Malaysia’s economy expanded by 6.0 percent in 2014, accelerating to 7.3 percent q/q saar in Q42014 due to resilient domestic demand and a pick-up of exports. Growth moderated to 4.7 percent q/q saar in Q1 2015 on account of weaker external demand, but domestic demand remained strong. To transform the planning and delivery of urban transport, Malaysia may consider prioritizing the following reforms: (a) Establish lead transport agencies at the conurbation level that spearhead an integrated approach towards the planning and delivery of urban transport across different modes; (b) identify and implement sustainable financing mechanisms for the lead agency. Introducing local taxes on fuel would not only result in environmental gains and trim the fiscal deficit (by RM10-19 billion), but also fund transport (for example, 24 percent of Vancouver’s transit system is funded by municipal gas taxes). Reviewing impediments to transit-oriented development will be another option, but should be considered alongside implications for affordability and inclusion; and (c) align policies to promote public transport with incentives to discourage the usage of private transport in congested areas. Introducing congestion pricing in areas well-covered by public transport as is done inSingapore will be an example of such policies.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Malaysia Economic Monitor, June 2015 : Transforming Urban Transport
title_short	Malaysia Economic Monitor, June 2015 : Transforming Urban Transport
title_full	Malaysia Economic Monitor, June 2015 : Transforming Urban Transport
title_fullStr	Malaysia Economic Monitor, June 2015 : Transforming Urban Transport
title_full_unstemmed	Malaysia Economic Monitor, June 2015 : Transforming Urban Transport
title_sort	malaysia economic monitor, june 2015 : transforming urban transport
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/06/24646735/malaysia-economic-monitor-transforming-urban-transport http://hdl.handle.net/10986/22038
_version_	1764450087321206784

Malaysia Economic Monitor, June 2015 : Transforming Urban Transport

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