Asia Pacific transport needs $8.4tn

Will Green is news editor of Supply Management
19 September 2018

The Asia Pacific region will need to spend $8.4tn by 2030 in order to meet transport needs, according to the Asian Development Bank (ADB).

The ADB said transport was its largest area of operations, accounting for more than a quarter of its annual investments. It said it had investments totaling $68.2bn up to the end of 2017.

“The current investment level for transport in Asia and the Pacific is about half of what is required,” said ADB president Takehiko Nakao.

“Opportunities exist to address this shortfall through increased cooperation between the public and private sectors. But in the process, we must move toward more sustainable transport options and mitigate the worst effects of climate change.”

The ADB recently approved two loans totaling $400m to modernize Azerbaijan’s railway sector, including the Sumgayit-Yalama line, a key north-south link. Pakistan has been loaned $335m to help develop a bus transport system in Peshawar.

The ADB said it would promote cross border infrastructure “to foster regional cooperation and integration”, as well as transport systems that are low carbon and “accessible to all”.

“Transport operations will promote systems that are safe and accessible for all – especially the poor, women, and the vulnerable; low carbon transport modes (public transport, railways, electric vehicles) to help combat climate change; efficient and multimodal urban mass public transport systems; better service delivery through asset management and capacity building in the sector; and cross border infrastructure to foster regional cooperation and integration,” said the bank.

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