Publication Date: November 2024
SLOCAT and the Transformative Urban Mobility Initiative (TUMI), in collaboration with the European Cyclists’ Federation, the International Institute for Sustainable Development (IISD), MobiliseYourCity Partnership and Walk21, have examined the structural issues in economic appraisals for transport, as well as possible solutions to address them and unleash large-scale investments in public transport, walking and cycling.
Key messages:
- Transport appraisals must incorporate comprehensive economic, social, and environmental externalities to ensure funds are allocated effectively towards sustainable mobility options.
- Economic evaluations should adopt multi-stakeholder, integrated approaches to capture wider societal benefits, ensuring equitable outcomes and broader stakeholder engagement.
- Policymakers must standardise and institutionalise holistic appraisal methods, such as the Sustainable Asset Valuation (SAVi), to support informed decision-making.
- Immediate policy action is required to dismantle institutional barriers that perpetuate investment shortfalls in sustainable transport systems.
- Investments in integrated public transport, cycling, and pedestrian infrastructure deliver significantly higher returns on investment, fostering equitable access and long-term societal benefits.
Related to:
This publication is connected to the SLOCAT activities:
