Dario Hidalgo: Financing urban transport policies and programs

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Dario Hidalgo, EMBARQ’s Director of Research and Practice, presented a webinar on financing urban transport policies and programs. The webinar took place on December 10, 2013, and was part of a webinar series hosted by EMBARQ, the Clean Energy Solutions Center, and the Low Emission Development Global Partnership (LEDS GP) focused on planning and financing sustainable, low-carbon urban transportation.

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Dario Hidalgo: Financing urban transport policies and programs

  1. 1. Financing Urban Transport Policies and Programs Darío Hidalgo, PhD Director Research and Practice EMBARQ
  2. 2. We Insist in a Paradigm Shift Moving Cars Moving People
  3. 3. Global Report on Human Settlements 2013 http://www.unhabitat. org/content.asp?type id=19&catid=555&cid =12336
  4. 4. We think we have it clear how Avoid Shift Improve Quantity and length of motorized trips To the most efficient modes Technology and operations
  5. 5. But not enough change is happening
  6. 6. Why? Dispersed single land use Provision of Road Capacity [Predicton of Vehicular Flows] Increased urban area Inncreased Motorization
  7. 7. Wrong solution! Eating Expanding the Size of The Pants Lack of Exercise Obesity Lewis Mumford, October 19, 1895 – January 26, 1990
  8. 8. “Lock-in” effect Government Industry People http://www.flickr.com/photos/nayukim/5704132134/
  9. 9. Keys to “Unlock” Re-allocating Finance Building Capacity Capturing the trends http://thecityfix.com/blog/on-the-movepushing-sustainable-transport-concepttipping-point-dario-hidalgo-heshuangzeng/
  10. 10. Re-allocating finance Source: Sakamoto et al. (2010)
  11. 11. Public finance in the transport sector Source: Sakamoto et al. (2010)
  12. 12. National Governments are Central International Organizations Projects Transport Policy Transport Finance National Governments City and Local Projects
  13. 13. National Programs Financing Sustainable Urban Transport – International Review of National Urban Transport Policies and Programmes http://sustainabletransport.org/f inancing-sustainable-urbantransport-international-reviewof-national-urban-transportpolicies-and-programmes/
  14. 14. National Programs Evaluate, Enable, Engage: Principles to Support Effective Decision Making in Mass Transit Investment Programs http://www.embarq.org/en/e valuate-enable-engageprinciples-support-effectivedecision-making-masstransit-investment-programs
  15. 15. Some Examples: Brazil National Urban Policy Comprehensive Mobility Plan (1,600 cities 20,000+) Growth Acceleration Program (PAC) USD 9.5 billion for BRT, LRT, Metro Infrastructure – co-funding from state and local levels Additional loans for vehicles and rolling stock BNDES
  16. 16. Some examples: Colombia National mass transit policy Up to 70% support for infrastructure USD 2.5 billion for BRT in seven cities Integrated public transport in intermediate cities Technical assistance Encourages private participation Metro in Bogotá (expected)
  17. 17. Some examples: México Mass transit program (PROTRAM) USD 2.4 billion 50% of project capital cost for Rail and BRT 5 Cities in operation/final construction; 34 cities identified Requires private participation
  18. 18. Some Examples: India National Renewal Mission JnNURM USD 20 billion Requires comprehensive mobility plan and co-funding from the state and local levels Resulted in implementation of Metro in 6 cities and BRT in 7 cities Encourgaes private participation Bhopal BRTS Mybus http://sustainablecitiescollective.com/sites/sustainablecitiesco llective.com/files/Picture3.jpg
  19. 19. Some examples: China “Transit City” project 30 cities Requires co-finance of provincial governments In 2012 Beijing Metro reached 16-lines 442km 1,050km expected by 2020 Other 16 Chinese cities expanding Metro; 18 cities with Metro and LRT systems under construction; 22 cities with construction planned. 15 cities with BRT; 11 under construction or planning
  20. 20. Continued Funding - National International Fuel Prices Series http://www.giz.de/expertise/html/4317.html
  21. 21. Continued Funding - Local Land Development User and Property Taxes • Property taxes • Value capture • Transit Oriented Development • Registration/licence (property) • Taxes to inputs (fuels) • Parking managment • Urban tolls
  22. 22. Land Development (along public transport) http://www.tramz.com/co/bg/t/ts.html
  23. 23. Desarrollo InmobiliarioKong Hong HK$4 billion (US$506 million) in property sales on top of stations 32% of the income of the Mass Transit Agency in 2010 (http://www.bloomberg.com/news/2011-03-03/mtr-sfull-year-underlying-profit-advanced-19-on-home-sales-fare-revenue.html) Photo: Courtesy of Oren Tatcher
  24. 24. Singapore
  25. 25. Ørestad City, Copenhague http://www10.aeccafe.com/blogs/arch-showcase/files/2011/12/Wing-House_1.jpg
  26. 26. Bogotá Central Station Urban Renewal Project (under construction) Source: Empresa de Renovación Urbana, Bogotá
  27. 27. Vehicle Registration Fees (Quotas) Singapur Shanghái Guanzhou, China Beijing (lotería) http://www.bloomberg.com/news/2012-06-04/singapore-family-sedanmatches-cost-of-a-u-s-home.html
  28. 28. Vehicle Registration Fees (Quotas) Singapore (1990) Auction: USD 67,000 per vehicle Quota 1% increase in fleet per year ~ 6,000 new cars, ~US 400+ million per year (for SUT) Shanghai (1994) Auction: USD 9,000 por auto ~ 96,000 new vehicles per year ~US 900+ million per year (for SUT) Gunagzhou (2012) 120,000 new vehicles per year (12,000 clean vehciles lottery, 60,000 rest lottery, 48,000 auciton)
  29. 29. Adminsitración de Estacionamiento Parking Management http://www.baycitizen.org/transportation/story/clog-streets-pay-premium/
  30. 30. Parking income in San Francisco US $187 million per year (for SUT) US $87,263,867 Parking violation fines US $47,119,999 Parking-meters US $43,354,632 Garages US $9,747,900 Residential permits 29,058 spaces with parking meters 79,000 residential permits 263 enforcement officilas Fuente: Autoridad Metropolitana de Transporte de San Francisco SFMTA, 2011
  31. 31. Congestion Pricing London, Sweden, Valetta, Singapore http://www.thetruthaboutcars.com/wp-content/uploads/2009/08/london-congestion-charging-zone-525x350.jpg
  32. 32. Climate/Environmental Funds for Transport http://www.transport2020.org/p ublicationitem/7/accessingclimate-finance-for-sustainabletransport-updated
  33. 33. The idea is to leverage funding Govmt + Private ODA NGOs Millions Climate Hundreds of Millions Billions Trillions
  34. 34. The challange 23% reduction in VKT in 2050 Road Travel (Billion Veh-Km) 50,000 42,971 45,000 40,000 33,194 35,000 30,000 25,000 20,000 15,000 10,000 5,000 22,8% reduction in vehicle-km USD 20 Trillion Savings 0 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 4 Degree Scenario 2 Degree Scenario Source: IEA (2012) Energy Technology Perspectives
  35. 35. The impact: 1,3 million people not killed in traffic Worldwide annual traffic fatalities 6,000,000 5,098,418 5,000,000 3,783,009 4,000,000 3,000,000 2,000,000 1.315.409 lives/year saved due to the reduction in VKT 1,000,000 0 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2 Degree Scenario 4 Degree Scenario Source: EMBARQ Analysis, Duduta and Hidalgo (2013)
  36. 36. Thank You! ¡Muchas Gracias! धन्यवाद

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