Exploring the funding landscape for public transportation and shared mobility in Europe – EGUM report.
23 hours ago
3 minutes
Source: European Commission
As European cities grapple with growing challenges in urban mobility, the urgency for sustainable and innovative solutions has reached a critical point.
A recent report from the Expert Group for Urban Mobility (EGUM) outlines essential strategies for financing public transport and shared mobility across European cities, regions, and Member States. The goal is to secure the long-term viability of the European transport sector and mobility systems while adhering to the environmental targets established in the 2015 Paris Agreement and the European Green Deal, which include reducing carbon emissions and promoting sustainable urban growth.
The report delves into the funding requirements alongside current funding programs for urban public transport. To ensure high-quality public transport, sustained long-term funding is necessary to support both revenue and capital expenditures that enhance or expand the quality and reach of public transport in urban areas and their surrounding regions. The authors stress the importance of integrating traditional public transport with emerging shared mobility services to build a robust urban mobility ecosystem. Achieving this integration demands strategic policies and financial backing at all levels of governance.
The report presents a dozen key recommendations, drawing primarily from the experiences of twelve exemplary case studies. The authors advocate for prioritizing public transport investments within all EU funding programs and streamlining access to these resources. By ensuring a consistent influx of financial support, the report posits that cities can more effectively transition their local public transport fleets and infrastructure towards greener alternatives. This strategy can be bolstered by the establishment of dedicated public transport funds, long-term government grants, and public-private partnerships, all of which provide the financial stability necessary to foster innovation and growth in the sector.
The report emphasizes the critical role of collaboration and synergy among different funding sources to optimize their impact. It points out the necessity for local and regional authorities to engage actively in the decision-making processes concerning EU-funded projects. Their participation would significantly boost the effectiveness and outcomes of urban transport initiatives, ensuring that financial resources are allocated wisely to fulfill both local and European objectives.
In summary, the report asserts that a well-resourced and strategically designed public transport system is essential for fostering sustainable, inclusive, and efficient urban mobility across Europe. By prioritizing long-term investments and innovative funding strategies, Europe can create a future where public transport and shared mobility are central to urban living.
The full report can be accessed here.
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