Sustainable Urban Transport Financing from the Sidewalk to the Subway - Arturo Ardila-Gomez
Many cities in developing countries are stuck in an “underfunding trap” for urban transport: up-front investments are huge, while revenue is small. Capital needs cannot be covered, let alone operations and maintenance. In this seminar, Arturo Ardila-Gomez presents his book “Sustainable Urban Transport Financing from the Sidewalk to the Subway: Capital, Operation, and Maintenance Financing.” The book uses an analytical framework based on the concept of “Who Benefits Pays,” and assesses 24 types of financing 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 financing needs to be based on an appropriate mix of complementary financing instruments, possibly involving multiple levels of government.
This presentation is part of our WRR Cities Seminar Series. For more information on the World Resources Report on Cities, click here.