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PR Newswire
02-06-2014, 05:50 PM
SINGAPORE, June 2 (Bernama) -- Singapore has the best transportation
networks of any city of its type and other cities around the world can benefit
from its experience according to the “The Mobility Opportunity” study by
London-based consulting firm Credo.
Commissioned by Siemens, the study, presented today in Singapore, looks at
transportation networks in 35 major cities around the globe and assesses how
prepared cities are to meet future challenges, including population growth and
higher competition.
The study said if all 35 cities studied implemented relative “best in class”
standards, they stand to gain an economic benefit of up to US$238 billion
annually by 2030.
Extrapolating to all comparably-sized cities globally with a population of
around 750,000 and greater, this suggests an economic opportunity of roughly
US$800 billion annually.
This corresponds to about one per cent of global GDP.
Today the potential benefit would be about US$360 billion per year.
With a high capacity system able to meet demand with minimal crowding and
high levels of user functionality, Singapore is well able to cope with future
growth, the study claims.
It is also praised for its long-term planning -– helped by highly integrated
governance -– reliability and punctuality levels, and provision of
air-conditioning on almost all of its public transport vehicles.
Singapore’s only weakness is a relatively low network density which leaves
some areas poorly connected, but long-term development plans and continuous
investment to maintain the existing high standards are all that is required for
it to retain its position, the report said.
Although transport is considered one of the major factors of a city’s
competitiveness, lack of financial resources often constrains cities’ ability to
invest in their transport networks, it said.
This study is unique in seeking to put an economic value on the cost of
inefficient transport, thus helping cities make the case for investment.
Some of the factors considered were journey times, crowding and network
density, all of which impact a city’s productivity.
The study, which groups cities into three categories to account for
different levels of wealth and development, found the most cost-efficient cities
are Copenhagen, Denmark (category: “Well-established cities”), Singapore
(“High-density compact centres”) and Santiago, Chile (“Emerging cities”).
"All cities can learn from the leading cities in their category in order to
close the gap of their transport networks’ efficiency, reduce costs and increase
productivity.
"The more efficient a city’s transport network is, the more attractive the
city is to business and people," commented Chris Molloy, Partner at Credo.
"The best transportation systems are the ones that move people quickly,
easily and comfortably to their destination. The leading cities are already
achieving this with efficient transport networks that feature modern
infrastructure, easy connections across various modes of transportation, and,
above all, a clear strategy of how to meet future needs,” said Roland Busch, CEO
of Siemens Sector Infrastructure & Cities and member of the Managing Board of
Siemens AG.
According to the study, cities are the engines for future growth. They
generate 80 per cent of global economic output, but in a globalised economy,
with businesses and workforces increasingly able to relocate internationally,
they must compete to offer the most attractive environment for economic
activity.
networks of any city of its type and other cities around the world can benefit
from its experience according to the “The Mobility Opportunity” study by
London-based consulting firm Credo.
Commissioned by Siemens, the study, presented today in Singapore, looks at
transportation networks in 35 major cities around the globe and assesses how
prepared cities are to meet future challenges, including population growth and
higher competition.
The study said if all 35 cities studied implemented relative “best in class”
standards, they stand to gain an economic benefit of up to US$238 billion
annually by 2030.
Extrapolating to all comparably-sized cities globally with a population of
around 750,000 and greater, this suggests an economic opportunity of roughly
US$800 billion annually.
This corresponds to about one per cent of global GDP.
Today the potential benefit would be about US$360 billion per year.
With a high capacity system able to meet demand with minimal crowding and
high levels of user functionality, Singapore is well able to cope with future
growth, the study claims.
It is also praised for its long-term planning -– helped by highly integrated
governance -– reliability and punctuality levels, and provision of
air-conditioning on almost all of its public transport vehicles.
Singapore’s only weakness is a relatively low network density which leaves
some areas poorly connected, but long-term development plans and continuous
investment to maintain the existing high standards are all that is required for
it to retain its position, the report said.
Although transport is considered one of the major factors of a city’s
competitiveness, lack of financial resources often constrains cities’ ability to
invest in their transport networks, it said.
This study is unique in seeking to put an economic value on the cost of
inefficient transport, thus helping cities make the case for investment.
Some of the factors considered were journey times, crowding and network
density, all of which impact a city’s productivity.
The study, which groups cities into three categories to account for
different levels of wealth and development, found the most cost-efficient cities
are Copenhagen, Denmark (category: “Well-established cities”), Singapore
(“High-density compact centres”) and Santiago, Chile (“Emerging cities”).
"All cities can learn from the leading cities in their category in order to
close the gap of their transport networks’ efficiency, reduce costs and increase
productivity.
"The more efficient a city’s transport network is, the more attractive the
city is to business and people," commented Chris Molloy, Partner at Credo.
"The best transportation systems are the ones that move people quickly,
easily and comfortably to their destination. The leading cities are already
achieving this with efficient transport networks that feature modern
infrastructure, easy connections across various modes of transportation, and,
above all, a clear strategy of how to meet future needs,” said Roland Busch, CEO
of Siemens Sector Infrastructure & Cities and member of the Managing Board of
Siemens AG.
According to the study, cities are the engines for future growth. They
generate 80 per cent of global economic output, but in a globalised economy,
with businesses and workforces increasingly able to relocate internationally,
they must compete to offer the most attractive environment for economic
activity.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)
