Urban Transport Infrastructure Financing

As the size of urban transport infrastructure investment is often large,investment decision must be based on careful consideration on the current operating efficiency and maintenance of existing infrastructure,availability of lower cost alternatives,and the prioritization of available funds for public services.Addressing growing urban transport problems requires not only financing of infrastructure hardware,but also improved services and management.The current mechanisms of urban transport infrastructure financing in many Chinese cities are not sustainable.The reform agenda should focus on the improvement of sustainability and transparency of local urban transport financing mechanisms,private sector participation in infrastructure financing,and the linkages between urban transport plan and municipal financing plan.