By Peter Freeman
The area financial institution devoted $30.6 billion in transport-related tasks up to now decade, making it one of many biggest sectors. The overview appears into the Bank's adventure within the area, and assesses the institution's interventions, the influence of fast shipping region enlargement, and its readiness to satisfy the demanding situations forward.
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Extra resources for A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995-2005 (Operations Evaluation Studies)
The extent to which transport projects and strategies in member countries are sustainable. This is meant not just in terms of the preservation of physical assets and the ability to address environmental matters, but the whole supporting edifice of an appropriate regulatory and policy framework, sound governance, and an adequate institutional capacity, including an appropriate organizational structure and sufficiently trained personnel. • The degree to which transport assistance has been able to contribute to poverty reduction in both rural and urban contexts.
Transport services are also nonstorable and are highly time and route specific. For these reasons, the difficulties of achieving economically efficient pricing structures require that costs sometimes be recovered from within the sector only by use of cross-subsidies and that some services may need to be subsidized from outside the sector. The great diversity of trans- S T U D Y R AT I O N A L E , O B J E C T I V E S , A N D O R G A N I Z AT I O N port services, and the need for them nonetheless to interlink in manners specific to time and place, also means that special attention often has to be given to coordination among enterprises and agencies operating in the different modes.
Transport services and Most modes provide for infrastructure are both freight and passenger complex and diverse. conveyance. A basic distinction is drawn between transport services rendered directly to the users and transport infrastructure used by transport service providers. Many transport services found in Reductions in transport costs enable specialization and economies of scale; they can also stimulate trade and production and help to extend markets. Similarly, improvements in urban transport have been shown to enhance urban labor market efficiency and enable changes in the scale and form of urban agglomerations.