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Transportation and the IDB
Vast territories and extremely varied geography make transportation a critical factor for development in Latin America and the Caribbean. To meet its full potential, in the coming decade the region will need to invest tens of billions of dollars in urban bus and subway systems, rural roads and highways, airports, railways and shipping ports.
The IDB works with national and sub-national governments to design and finance transportation programs for passengers and freight. Our projects place a special emphasis on sustainable transport alternatives in both urban transport and freight logistics, on improving efficiency and reducing climate change impact, and on promoting improved road safety and reduce mortality and injury rates.
The Bank also provides technical assistance and policy advice to its member governments on regulation, management, planning, institutional strengthening and regional integration in the transport sector.
Areas of Action
Road Safety
Latin America and the Caribbean countries record approximately 17 roadway fatalities per 100,000 inhabitants each year, compared to an average of less than 10 fatalities for high-income countries. If current trends continue, by 2020 Latin America and the Caribbean will have the world’s highest roadway fatality rate, at about 24 fatalities per 100,000 inhabitants.
Freight Logistics
Freight transport and logistics performance is critical to the competitiveness of countries’ businesses and the national economy on a global scale. With a few exceptions, Latin American and Caribbean countries experience proportionally higher logistics costs than the United States, Europe and Asia. Poor transportation networks, supply chain inefficiencies and lack of specialized logistic infrastructure and services also contribute to high inventory levels.
Sustainable Transport
The transport sector is of key importance for the socio-economic development of the Latin American and Caribbean Region (LAC). Governments are striving to bridge the gap between transportation demand and supply to facilitate access to health care, education, jobs and markets to all economic and social groups, with a wide geographic coverage, in a safe, environmentally friendly and affordable way.
News
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IDB, China Eximbank further advance in the creation of equity investment platform for Latin America and the Caribbean
IDB, China set equity investment fund for Latin America and the Caribbean for infrastructure, mid-cap firms and natural resource sectors. Mar 19, 2012
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IIC and Orofrán S.A. of Uruguay hold signing ceremony for loan of US$6.5 million
IIC and Orofrán S.A. held a signing ceremony for a loan of US$6.5 million that will boost cargo transport services in Uruguay. Mar 17, 2012
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Plaza Logistica signs loan contract with IDB for logistics parks project in Buenos Aires
Plaza Logistica signs loan contract with the IDB for Logistics Park Project in Buenos Aires. Mar 16, 2012
IDB Transport in the press
Quito will open in late May or June the bidding of its first metro system
Source: El Universo (Ecuador)
The City is currently negotiating loans with different multilateral organizations like the Interamerican Development Bank (IDB)
May 2, 2012.
Ecuador: State invests $ 151.6 million in road maintenance
Source: El ciudadano
The funding comes from the Inter-American Development Bank
Apr 22, 2012.
Projects Highlights
Preparation
- Brazil. Blumenau's Sustainable Urban Mobility Program (BID-Blumenau Program).
- Brazil. PROCIDADES. Integrated Urban Development Program of Municipio de Piracicaba.
- Brazil. Sao Bernardo do Campo Urban Transportation Program - Stage II.
Approved
- Colombia. Supplementary Financing. Cali Integrated Transport System. Feb 15, 2012
- Uruguay. Road Infrastructure Program II. Jan 1, 2012
- Brazil. Support for Institutional Strengthening of ANTT for Rail Transport Management. Dec 14, 2011
- Montevideo By Bus (03:10)
LoadingMontevideo By Bus
Spotlight
Events
The ‘Road Safety tag’ is intended to become the road safety equivalent of the red ribbon for HIV/AIDS awareness or the white wristband worn in the fight against poverty.
By the numbers
23%
of global CO2 emissions come from transport. More>>
