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Leipzig Summit to discuss future of funding transport

Business Materials 22 May 2013 15:37 (UTC +04:00)
Ministers responsible for transport infrastructure from the 54 member countries of the International Transport Forum at the OECD (Organisation for Economic Co-operation and Development) are meeting in Leipzig (Germany) to discuss the future of funding transport.
Leipzig Summit to discuss future of funding transport

Germany, Leipzig, May 22 / Trend E.Kosolapova /

Ministers responsible for transport infrastructure from the 54 member countries of the International Transport Forum at the OECD (Organisation for Economic Co-operation and Development) are meeting in Leipzig (Germany) to discuss the future of funding transport.

The key aspects of three-day Leipzig Funding Summit, which began on Wednesday, are:

- 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.

According to the report of the International Transport Forum (ITF), air passenger travel is projected to double, air transport to triple and container handling in ports to quadruple by 2030.

With the reference to OECD figures, the report said that investment needs for transport infrastructure to 2030 are estimated at $11 trillion for ports, airports and key rail lines alone. Current infrastructure could accommodate only a 50 percent increase in demand.

"With public budgets constrained in view of the financial and economic crisis, funding infrastructure improvements is a major issue facing governments around the world," the report said.

The ITF is an intergovernmental organisation with 54 member countries. It acts as a strategic think tank for transport policy and organises an annual summit of ministers, to help foster a deeper understanding among policy makers of the role of transport as a key to economic growth and to the pursuit of environmental and social sustainability. The ITF is part of the Organisation of Economic Cooperation and Development (OECD) family of organisations. Australia is a founding member of the ITF.

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