Investments in Transport Infrastructure: A Key Element in Facilitating the Free Movement of Goods and People along Major Trade and Transit Corridors in the Context of the Post 2015 Development Agenda

  • Date: 16 July 2015, 8:15am - 9:45am
  • Location: Elilly Board Room

Organised by

The International Road Transport Union (IRU)
The Global Partnership for Sustainable Transport (GPST)

Summary

In a globalised economy, transport and mobility are essential preconditions for sustainable development, strengthened supply chains and access to global markets. Unfortunately, many developing countries, emerging markets, least developed countries and landlocked countries still face major obstacles in accessing global markets due to poor transport infrastructure, the lack of harmonisation of border rules and procedures, geographical remoteness, and long distances to border crossings.
The international community places high priority on financing transport infrastructure through innovative financing solutions. In response to this, the IRU proposes a unique model for transport infrastructure financing that responds to the global mandates on transport as outlined in the Vienna Programme of Action of 2014 and the General Assembly Resolution 69/214 on “The role of transport and transit corridors ensuring international cooperation for sustainable development”. This model comprises the joint construction of an exemplary road section across several territories, by governments, international financial institutions, international organisations and the business community and the design of a regional infrastructure funding mechanism created through public-private partnerships. These are supported by the existing trade facilitation agreements and mechanisms. This unique model promotes the emergence veritable development corridors that incite value addition, job creation, and revenue generation for countries.

Related Information

Contact

For inquiries regarding this side event, please contact

Engage