The ITF’s 2017 Summit on Governance of Transport will explore the trends shaping transport governance and identify the most pressing challenges in the transport sector. Through the governance lens, it will focus on infrastructure, global connectivity, the right regulation for innovation, and urban access and mobility.
Transport governance affects decisions regarding everything from local cycle paths to global trade routes. The governance framework both responds to and shapes decision-making and policies addressing inter alia environmental and climate considerations, working conditions, accessibility, and technical solutions, as well as organisational and financial challenges for the sector that are in constant flux. Important factors in this include legislative and regulatory frameworks, attribution and devolution of responsibilities between different levels of authority and across sectors and involvement of stakeholders.
European Investment Bank Vice-President Pim van Ballekom will be participating in the plenary session on Better governance for investment in transport infrastructure taking place on Thursday 01 June 14:30-16:00. The VP will address the EIB’s perspective on the key governance barriers to transport investment in Europe and how the Investment Plan for Europe can help restore investment in the EU.
More information on the session: Better governance for investment in transport infrastructure
Governance arrangements play a critical role in determining user satisfaction and affordability of transport infrastructure. If decision-makers work within a strong governance framework, infrastructure will contribute to economic productivity and individual well-being by giving access to health, education, jobs, leisure and markets. Under poor governance arrangements, communities may suffer from lost opportunities due to underinvestment, inappropriate infrastructure or costly projects that divert resources from other valuable uses. In this session, high-level decision makers will explore the following questions:
- How can infrastructure investments balance the needs of diverse user groups - including future users whose needs are not yet fully known?
- How can governance arrangements provide incentives for both efficient maintenance of existing assets and new investment in infrastructure?
- What governance arrangements ensure good value for money from public-private partnerships?
- How can strategic planning balance long-term certainty for investment with short-term priorities and funding constraints?
- How can the accountability of decision-makers for performance of investments be strengthened?