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LLDCs Side Event at the Global Sustainable Transport Conference
26 November, 2016 @ 5:00 pm - 6:30 pm
The Vienna Programme of Action highlighted the important role of transport in the sustainable development of the landlocked developing countries. Owing to infrastructure deficiencies, long distances from the sea and poor trade facilitation, landlocked developing countries face disproportionately high transport and overall trade costs that further reduce their trade competitiveness, equitable access to global markets and the overall welfare of the people. Reducing these high costs requires addressing both the hard or physical infrastructure, and the soft infrastructure which includes the legal framework and institutions. Furthermore the transit transport systems must be able to provide services in a safe, accessible and efficient manner, be sustainable to avoid the negative environmental, social and economic impacts, and be resilient to the impact of climate change and natural disasters. The investment needs for infrastructure development to support the connectivity of landlocked developing countries to the global markets are high. The need for higher levels of Infrastructure financing is critical in terms of both quality and quantity. The international community agreed to bridge this gap through enhanced financial and technical support.
This event, jointly organized by the Government of Zambia, UN-OHRLLS and UNECA, aims to provide a platform for Member States and partners to share experiences on financing of sustainable transport infrastructure and make concrete suggestions on how to better utilize available resources. The event will also be used to launch/discuss the report on the 16 cross-border infrastructure projects for Africa’s integration that have been deemed ready for private sector financing by the 2014 Dakar Financing Summit. A panel of experts from different regions are to share their experiences in order to kick start the discussion.