The World Bank Group’s transport sector strategies have for decades emphasized the importance of urban transport for development and shared prosperity. The World Bank Group’s urban transport portfolio provided five main types of support : urban roads, conventional bus, bus rapid transit (BRT), metro or urban rail, and upstream support focusing on policy and the sectoral framework.
- In the 1990s, strategy focused on efficiency, competition, and financial viability, and evolved to address multiple dimensions of sustainability: economic, social, and environmental. Increasingly, the strategy emphasizes mobility and accessibility for the poor and disadvantaged, and associated considerations such as targeted subsidies to enhance public transit affordability.
- The World Bank Group has advocated policies for building local government capacity to manage increasingly decentralized sectoral responsibility, for mobilizing private participation in the supply of urban transport services, for increasing transport safety, and for protecting the environment.
- Most recently, the sectoral theme is “Sustainable Mobility for All.” IFC and MIGA have not articulated their own urban transport strategies, but the operations they have financed, advised, or underwritten generally support the World Bank Group policy framework.
- During the 10-year evaluation period(FY07–16), the World Bank Group invested $25 billion in urban transport projects. Of the 297 financing projects active at some point during the period, the World Bank was responsible for 93 percent of projects, worth $23.5 billion, with MIGA and IFC delivering the balance. 148 projects were closed during the period and 104 were evaluated. In addition, the World Bank carried out 165 Analytic and Advisory Activities, and IFC delivered 15 IFC Advisory Services products.
Progression of World Bank Group Strategies Relating to Urban Transport
See Chapter 1: Why Urban Transport Matters, and Chapter 2, The World Bank Group’s Portfolio Support for Urban Transport