Sustainable Urban Transport Financing from the Sidewalk to the

Sustainable Urban Transport Financing from the Sidewalk to the Subway: Capital, Operations, and Maintenance Financing (World Bank Studies)

Urban transport systems are essential for economic development and improving citizens quality of life. To establish high-quality and affordable transport systems, cities must ensure their fi nancial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an underfunding trap for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale and perhaps poorquality systems. Nonetheless, revenue is insuffi cient to cover maintenance and operation expenses, let alone new investment projects. The urban transport fi nancing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of Who Benefi ts Pays, Sustainable Urban Transport Financing from the Sidewalk to the Subway assesses 24 types of fi nancing instruments in terms of their social, economic, and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport fi nancing needs to be based on an appropriate mix of complementary fi nancing instruments. In particular for capital investments, a combination of grants from multiple levels of government and loans combined with investments through public private partnerships could fi nance large projects that benefi t society. Moreover, user charges and the property tax emerge as key fi nancing instruments for capital, operation, and maintenance expenses. By choosing the most appropriate mix of fi nancing instruments and focusing on wise investments, cities can design comprehensive fi nancing for all types of urban transport projects, using multilevel innovative revenue sources that promote effi cient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of an urban transport system, from the sidewalk to the subway.
Country USA
Brand World Bank Publications
Manufacturer World Bank Publications
Binding Paperback
ItemPartNumber RKC2007576797
UnitCount 1
EANs 9781464807565
ReleaseDate 0000-00-00

Country	USA
Brand	World Bank Publications
Manufacturer	World Bank Publications
Binding	Paperback
ItemPartNumber	RKC2007576797
UnitCount	1
EANs	9781464807565
ReleaseDate	0000-00-00

Sustainable Urban Transport Financing from the Sidewalk to the Subway: Capital, Operations, and Maintenance Financing (World Bank Studies)

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