ADB to Develop Asian Transport Outlook

    Wahyu Dwi Anggoro - 11 November 2020 11:30 WIB
    ADB to Develop Asian Transport Outlook
    Illustration (Photo:Medcom.id)
    Jakarta: Asian Development Bank (ADB) Vice-President Bambang Susantono has launched the foundation of a new regional knowledge platform to guide sustainable transport development in Asia and the Pacific.

    The Asian Transport Outlook (ATO) will support the planning and delivery of transport sector assistance by ADB, as well as transport policy and initiatives by Asian governments, in line with the Sustainable Development Goals (SDGs), Paris Agreement, and other international agreements.

    "The covid-19 pandemic is changing the nature of transport across Asia. While the new realities of travel and transport continue to emerge and be refined, what remains constant is the role transport plays as a key enabler of development and economic growth in our region," Susantono said in a press release on Tuesday.

    "Its fundamental role in ensuring access and mobility will not change. This is true for both in rural areas and cities—whether travelling between cities or across countries, and whether for moving people or cargo," he stated.

    He added that transport has shown great progress in Asia and the Pacific, with rural, national, and regional connectivity greatly improved. Nonetheless, more investments are needed in building new infrastructure as well as for maintaining and operating existing systems.

    Fundamental to achieving the SDGs will be tackling road safety, he said, given that in 2017 alone, about 800,000 road fatalities were recorded in Asia and the Pacific. These road fatalities entail economic costs of around $1 trillion or about 6.4% of ADB regional members’ gross domestic product. ADB launched in February the Asia-Pacific Road Safety Observatory together with UNESCAP, the World Bank Group, and other stakeholders to support the region in its efforts to drastically reduce road traffic deaths and serious injuries.

    The ATO will collect, organize, and share data on the transport sector in 51 countries using more than 500 indicators. It will also document the institutional frameworks, policies, and financing of transport in these countries. This will be a multiyear program, initially funded by ADB but eventually intended to become a stand-alone program with funding from multiple sources.

    (WAH)

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