From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport

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 p...

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Main Authors:	Ardila-Gomez, Arturo, Ortegon-Sanchez, Adriana
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	sustainable finance urban transport
Online Access:	http://documents.worldbank.org/curated/en/2016/07/26552761/sidewalk-subway-achieving-sustainable-financing-urban-transport http://hdl.handle.net/10986/25011

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recordtype	oai_dc
spelling	okr-10986-250112021-05-26T09:05:19Z From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport Ardila-Gomez, Arturo Ortegon-Sanchez, Adriana sustainable finance urban transport 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.” 2016-09-06T20:00:04Z 2016-09-06T20:00:04Z 2016-06 Brief http://documents.worldbank.org/curated/en/2016/07/26552761/sidewalk-subway-achieving-sustainable-financing-urban-transport http://hdl.handle.net/10986/25011 English en_US Connections;2016(9) CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
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	sustainable finance urban transport
spellingShingle	sustainable finance urban transport Ardila-Gomez, Arturo Ortegon-Sanchez, Adriana From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport
relation	Connections;2016(9)
description	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.”
format	Brief
author	Ardila-Gomez, Arturo Ortegon-Sanchez, Adriana
author_facet	Ardila-Gomez, Arturo Ortegon-Sanchez, Adriana
author_sort	Ardila-Gomez, Arturo
title	From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport
title_short	From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport
title_full	From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport
title_fullStr	From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport
title_full_unstemmed	From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport
title_sort	from sidewalk to subway : achieving sustainable financing for urban transport
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/07/26552761/sidewalk-subway-achieving-sustainable-financing-urban-transport http://hdl.handle.net/10986/25011
_version_	1764458148921344000

From Sidewalk to Subway : Achieving Sustainable Financing for Urban Transport

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