Dysfunctional global transportation
billion people at the lowest social cost.
The regional inputs on transport policies, existing and potential developments in both fuels and technologies, in addition to critical uncertainties, have been combined into two distinct transport scenarios ‘freeway’ and ‘tollway’. The ‘Freeway’ scenario envisages a world where pure market forces prevail to create a climate for open global competition. While, the ‘Tollway’ scenario describes a more regulated world where governments decide to intervene in markets to promote technology solutions and infrastructure development budgets and the unpredictability of human behaviour. It is common that a quarter of a country’s scheduled flights may get delayed, traffic congestion is costing economies more than 1 percent of gross domestic product, less than half of all container vessels arrive in port on schedule, and 20 percent of CO₂ emissions are the byproduct of transportation.
To overcome congestion, scheduling people is near to impossible. For instance, the peak and off-peak phenomenon is unique to road transportation. Looking at urban mobility, it really is all the people going from the same place in the air pollution, the costs of traffic accidents, public health, congestion costs, etc. The total, in some cases, amounts to as much as 10 percent of the gross domestic product and is disproportionately borne by low and middle-income groups. About 1.3 million people a year die in traffic accidents worldwide and probably even more die from air pollution related to traffic. Those numbers are going up across the world, turning dysfunctional global transportation into a salient political issue that needs to be addressed by looking at how to better organize cities to manage traffic and to cut pollution. to deliver better value for customers. The crucial thing is that transportation is part of a system; all too often we do these public-private partnerships and transport these one-off projects on a particular road or a particular bridge, and then we lose the capability to manage the system effectively. The public sector has an important role to play in setting the goals for our transportation system and then engaging the private sector to help achieve those goals. Places like Colombia, Singapore, Stockholm, the UK and Canada - all provide examples of this kind of approach.