Urban Mobility Trends - August 2024

How to fund transport infrastructure Transport infrastructure is one of many public priorities competing for funding at a time when governments face high levels of debt.

Smart infrastructure includes coordinated traffic lights and variable speed limits as well as technologies on managed motorways such as toll roads including electronic lane use and variable messaging signs, CCTV and automated incident detection.

The private sector in Australia has helped plug funding gaps has to deliver critical transport infrastructure through public- private partnership arrangements. Most respondents – 74% – think a mix of smarter infrastructure to improve traffic flow and more public transport are the keys to relieving congestion, followed by more and improved roads in congested areas (Figure 25).

In Australia, 65% of respondents think that governments should meet their infrastructure needs through a mixture of public and private funding. While in the United States, 68% of respondents favour this funding mechanism (Figure 24).

Figure 24: ROLE OF PRIVATE SECTOR IN FUNDING AND DELIVERY OF ROAD INFRASTRUCTURE Role of private sector in funding and delivery of road infrastructure

Governments should allow private investment Governments should allow a mix of government and private investment Governments should never allow private investment

Australia 2024

11%

65%

24%

2023

10%

64%

26%

2022

16%

62%

22%

greater Washington Area 2024 17%

68%

15%

2023

16%

66%

18%

2022

16%

67%

17%

Montreal 2024

20%

59%

21%

2023

41%

41%

19%

2022

21%

58%

22%

Q. To what extent do you think government should seek private investment to help fund the delivery of new roads and major upgrades to existing roads? Private investors receive a financial return from either the government or users of the roads.

insights.transurban.com

26

Made with FlippingBook - professional solution for displaying marketing and sales documents online