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Title

Closing the global transport infrastructure investment gap: A booster for more inclusive societies and a climate friendly future

The World Bank & German Federal Ministry for Economic Cooperation and Development (BMZ)

Official Side Event

18 May
10:00 to 11:00

Location

Hall 5, Level +1

Sustainable Transport can be an engine for economic prosperity and inclusive societies and is an essential element toward reaching the Paris Climate Agreement. Yet, investment in the sector is lagging: It is estimated that governments globally face an annual transport infrastructure financing gap of US$244 to US$944 billion through 2030. Emerging and developing countries face rapidly growing demand for transport infrastructure, while OECD+ countries must replace substantial parts of their ageing transport infrastructure in the coming decade. Building on the leadership of the G7 infrastructure initiative this high-level event aims to further the discussion towards closing the transport investment gap. Large multilateral financiers present building blocks to set the world on course to meet its climate goals, create socially inclusive transport infrastructure and create millions of jobs and access to opportunities. This session will further discuss innovative approaches to accelerate the roll-out of inclusive and climate-friendly transport infrastructures for sustainable economic prosperity and strong recovery from the pandemic.

This event is co-organised by the World Bank and BMZ/German Government.

Panelists 

  • Ángela María Orozco Gómez, Minister of Transport of Colombia 
  • Larissa Carolina Amorim dos Santos Sustainability, Undersecretary - Ministry of Infrastructure of Brazil
  • Nicolas Peltier-Thiberge, Director Transport Global Practice, World Bank
  • Heike Litzinger, Head of the Division for Urban Development, Mobility, Circular Economy, BMZ
  • Jamie Leather, Chief of the Transport Sector Group, Asian Development Bank
  • Christian Lütke Wöstmann, Centre of Competence for Infrastructure, Water and Natural Resources, KfW

Moderated by: Maruxa Cardama, Secretary-General, Partnership on Sustainable, Low-Carbon Transport (SLoCaT)