International Transport Infrastructure Trends and Plans

This paper describes how world trade is developing at a much faster pace than the gross domestic product (GDP) and this has led to an unprecedented increase in national transport and has created bottlenecks at the big hubs and transshipment points. Transport capacity planning is still a national domain and this has sled to serious shortcomings in capacity development. Prestige projects can take a substantial share of the available public budget, while unspectacular upgrades and maintenance work is neglected. In the border vicinities there may be underinvestment, because the synergy effects of border crossing links do not enter into the national cost benefit calculations; there may be also be overinvestment, because national self-interests dominate project procurement and strict tests of economic viability are not applied to funding. Now that budget resources for investment are scarce, the challenge of making more efficient use of existing facilities has again come about. Modernization, replacement and maintenance have been widely neglected in the past and will be the dominant issues for the medium-term future. Prestige projects will have to be reconsidered, in particular if they concern market segments which are not fast-growing and where good and less expensive alternatives are available.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Appendices; Bibliography; Figures; Tables;
  • Pagination: pp 65-95
  • Monograph Title: Benefiting from Globalisation. Transport Sector Contribution and Policy Challenges

Subject/Index Terms

Filing Info

  • Accession Number: 01140718
  • Record Type: Publication
  • ISBN: 9789282101681
  • Files: TRIS
  • Created Date: Sep 25 2009 4:22PM