Skip to main content

Ministerial talks at International Transport Forum summit in Leipzig, Germany

Ministers responsible for transport infrastructure from the 54 member countries of the International Transport Forum at the Organisation for Economic Co-operation and Development (OECD) were meeting today in Leipzig, Germany, for a three-day summit to discuss the future of funding transport. According to OECD figures, air passenger travel is projected to double, air transport to triple and container handling in ports to quadruple by 2030. Investment needs for transport infrastructure to 2030 are estimated a
May 22, 2013 Read time: 2 mins
Ministers responsible for transport infrastructure from the 54 member countries of the 1102 International Transport Forum at the 3685 Organisation for Economic Co-operation and Development (OECD) were meeting today in Leipzig, Germany, for a three-day summit to discuss the future of funding transport.

According to OECD figures, air passenger travel is projected to double, air transport to triple and container handling in ports to quadruple by 2030. Investment needs for transport infrastructure to 2030 are estimated at US$11 trillion for ports, airports and key rail lines alone. However, current infrastructure could accommodate only a 50% increase in demand, says the OECD.

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

Key aspects Ministers will discuss at the Leipzig Funding Summit include Investing for Growth?; Taking stock of Public-Private Partnerships; Aviation’s quest for financial sustainability; Attracting private finance and ensuring predictable funding; and 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 2661 China Communications Construction Company (CCCC); and David Fass, CEO (EMEA) of 2378 Macquarie Group are among the invited guest speakers.

Related Content

  • China joining international transport forum
    April 26, 2012
    China is now a full member of the International Transport Forum. This follows from an announcement made in May 2011 when vice-minister Gao Hongfeng said China's intended to join the Forum.
  • Ministers vow on global transport connectivity
    May 4, 2012
    Transport Ministers from 53 countries have agreed a ‘common declaration’ to improve global transport connectivity. The formal declaration text, in which ministers agree that the “seamless transport is a powerful and ambitious strategic vision for the future of transport systems”, was approved at the Annual Summit of the International Transport Forum (ITF) in Leipzig, Germany. The declaration also states that seamless transport “drives the development of better mobility and sustainable economic growth”, an
  • Indonesia plans $490 billion infrastructure spend over the next five years
    October 8, 2014
    According to the government of Indonesia, US$490.7 billion (IDR 6,000 trillion) will be needed in the next five years for a series of major infrastructure projects across the country including roads, bridges, power plants, ports and airports. The government hopes that investment projects like these will boost its economic growth rate to 7% per annum versus 5% this year. This latest announcement follows on from an Indonesian government report last November, which unveiled plans to invest $35 billion in new
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability