Date: Thursday, January 16, 2014 Time: 11:30 a.m. - 1:00 p.m. ET (16:30 – 18:00 GMT or convert time) Location: World Bank Headquarters and Online
This event has concluded, view the replay below.
Experts from Autodesk, IBM, the Korea Transport Institute and Stanford University explored innovations in cost-effective, creative technology, including big data, to transform urban transportation and engage city residents in developing solutions. At a time of growing urbanization, motorization and congestion, technology promises to help optimize transport capacity to keep people on the move.
Brief presentations and a Q&A session was moderated by urban transportation expert Aurelio Menendez of the World Bank.
This session is part of Transforming Transportation 2014: Better Cities, Better Business, a global forum for city, development and business leaders working together to unlock urban mobility's potential to improve people's lives, grow businesses and protect the environment. Learn more at www.transformingtransportation.org
Manager, Latin American & Caribbean Transport Sector, World Bank
Read what others are asking
Dr. Ashish Manohar Urkude
Reaching to every village has always been challenge, similarly, transport in all whether conditions has always been a challenge to humankind. Do you think, that, in coming decade, we would be able to overcome these two problems in all countires? The reason raise this question is, many people feel technology is developing at faster rate than actually it can be implemented and used in daily life.
Is there any project delivering to enduser directly from the manufacturer, not from the seller?
mico de guzman
1. Although the build-operate-transfer (BOT) approach has indeed proven itself useful in the past in arranging complimenting partnerships between the public and the private sectors, its implementation with regard to the latter’s compensation through commercial returns may prove detrimental to those who will actually use these infrastructures. The “users pay” principle will consequently pass on the construction costs to those who will be availing of this service. For this reason, the Government is forced to hike fares to recover infrastructure costs, which could result to low ridership. This defeats the purpose of developing such infrastructures in the first place. Given this, how can the BOT approach be improved? What is a good alternative for the “users pay” principle? Should it be subsidized by the local governments?
2. How can the BOT approach be more attractive to the private sector? What could be an effective alternative?
3. For it to be sustainable, we also have to be comprehensive or holistic in our approach. The Philippines is an archipelago and it is becoming more and more apparent how saturated the cities are becoming, especially those within Metro Manila. Would it be a smarter decision for the government as well as for private companies to invest their money in smaller cities outside Metro Manila or to initially put all their eggs in one basket and focus on fixing the seemingly chaotic state of transportation within Metro Manila?