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Finances of Bogota’s Transportation System

Ardila-Gomez, A; Ortegon, A; (2013) Finances of Bogota’s Transportation System. In: Proceedings of the 13th World Conference on Transportation Research 2013. WCTR: Federal University of Rio de Janeiro, Brazil.. Green open access

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Abstract

IŶ this paper ǁe studLJ Bogotá’s traŶsportatioŶ sLJsteŵ fiŶaŶĐes froŵ ϭϵϵϰ-2010. The analysis takes a systemic approach that includes from sidewalks to mass transit and highways. It analyzes revenue and expenditure trends to extract lessons regarding sustainable urban transportation finance. We exclude all vehicle capital and operating costs. We look at the revenues that accrue to the system, comparing them to expenditures and determining deficits that are covered by traŶsfers froŵ the ĐitLJ’s geŶeral tadž ďase. We then project revenue and expenditure scenarios. We fiŶd that Bogotá’s traŶsportatioŶ sLJsteŵ fiŶaŶĐes iŶĐreased sigŶifiĐaŶtlLJ duriŶg the period studied, due to three main elements. First, the creation of a fuel tax, earmarked for mass transit and road construction and maintenance. Second, the city implemented a successful BRT project, Transmilenio, that has attracted additional funds, particularly from the national government. Third; the city designed and effectively collected a valorization tax associated with specific infrastructure projects located in several areas all around the city. However, despite the increase in funding, the lingering poor conditions of the road network and the lag on the development of the planed transport system shows that increases in revenue are needed to cover all the needs of the transportation system. Nonetheless, in light of the current situation these increases seem politically difficult to pass and operationally difficult to achieve. While Bogotá should try to increase revenue, we find that it should continue to emphasize the investment of scarce transportation resources in the improvement of its public transport system, specifically the Transmilenio BRT, the associated non-motorized modes network (cyclelanes and sidewalks) and the upcoming Integrated Transport System because it leads to greater financial sustainability through cost-efficiency of the investments and to long term overall transport sustainability.

Type: Proceedings paper
Title: Finances of Bogota’s Transportation System
Event: WCTR
Location: Rio de Janeiro, Brazil
Dates: 15 July 2013 - 18 July 2013
ISBN-13: 978-85-285-0232-9
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.wctrs-society.com/wp-content/uploads/ab...
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng
URI: https://discovery.ucl.ac.uk/id/eprint/10079264
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