The aim of this review is to examine the economic benefits of public transport investment and provide recommendations for the focus of client’s campaigning on public transport funding.

Objective

The objectives is to analyze the economic benefits of public transport investment, identify best practices for maximizing climate, health, and equity benefits, compare public transport with highway expansion investments, examine funding strategies globally, assess the role of donor countries and development banks in funding public transport in the global south, evaluate the distribution of benefits among stakeholders, and provide recommendations for the geographical and sectoral focus of C40 campaigning on public transport funding.

Our Approach

Role and Economic Benefits of Public Transport (PT) Investment

Conducted a literature review on economic benefits of public transport investment, focusing on its role and advantages over highway expansion investments.

Assessment of Funding Option for PT Investment

Assessed public transport funding options in global north and south cities, including understanding funding requirements for different phases of PT projects; identifying potential funding sources; role of donor countries, development banks, and national governments in PT funding and criteria attached to funding mechanisms.

Establishment of Coherent Fiscal Frameworks for greater PT Investment

Identified evaluation criteria across different actors and created Matrix/fiscal framework for assessing PT funding options in various contexts, including equitable access, for international development funding and climate funding mechanism for PT Investment

Outcome