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Title: REORIENTING WORLD BANK INVOLVEMENT WITH URBAN TRANSPORT IN EUROPE AND CENTRAL ASIA
Accession Number: 00965624
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: Responding to an acute funding and supply crisis in urban public transport services during the past decade, the World Bank made eight loans benefiting about 20 cities in ex-socialist countries in Europe and Central Asia (ECA). The main strategy for the first five projects, now completed, was to make loans for fleet replacement and rehabilitation, conditional on restructuring publicly owned operators, increasing their fare revenue, instilling a greater discipline in subsidy payments, and attempting to bring private capital and skills into the sector. Services provided by publicly owned operators were improved and cost recovery from fares increased, but the funding gap still persists. In the last three projects, approved in the late 1990s, the focus shifted to attracting private operators under a competitive framework, creating markets in road maintenance, and accelerating traffic management. A strategic shift is now warranted, recognizing that increasing motorization and the consequent shifts in the modal split are of primary importance in ECA urban areas. A proposal is presented to extend market principles to the automobile as well, primarily through city-based road use charges. The new strategy continues to emphasize the creation of competitive markets, increased user charges, and sound funding for public transport services, subject to protection mechanisms for low-income and other vulnerable groups. Other building blocks of the strategy (e.g., investment agenda, capacity building, and knowledge-oriented activities) are derived directly from the preferred policy orientations.
Supplemental Notes: This paper appears in Transportation Research Record No. 1846, Transportation in Developing Countries.
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Mitric, SPagination: p. 1-8
Publication Date: 2003
Serial: ISBN: 0309085829
Features: References
(10)
; Tables
(3)
TRT Terms: Identifier Terms: Geographic Terms: Subject Areas: Finance; Highways; Operations and Traffic Management; Planning and Forecasting; Policy; Public Transportation; I72: Traffic and Transport Planning
Files: TRIS, TRB, ATRI
Created Date: Nov 21 2003 12:00AM
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