Worldwide, major cities stand to gain around $800 billion per year of economic opportunity from 2030 by upgrading their public transportation networks. This is according to a study "The Mobility Opportunity" conducted by London-based consulting firm, Credo, and presented today in Singapore. Commissioned by Siemens, the study 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 results: If all 35 cities studied would implement relative "best in class" standards, they stand to gain an economic benefit of roughly $238 billion annually from 2030. Extrapolating to all comparably-sized cities globally with a population of around 750,000 and greater, this suggests an economic opportunity of roughly $800 billion annually. This corresponds to about one per cent of global GDP. Today the potential benefit would be about $360 billion per year.
Transport is considered one of the major factors of a city's competitiveness. However, lack of financial resources often constrains cities' ability to invest in their transport networks. 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. In order to have a reasonable comparison, the study groups cities into three categories to account for different levels of wealth and development. According to Credo, the most cost-efficient cities are:
Then, Credo compared cities to the leading city in their category. The comparison enabled them to quantify the economic benefits that investments in transport would bring, such as higher productivity and new economic activity. Finally, Credo has developed some key pointers on how cities can realize the potential economic uplift. Case studies show how potential investments can pay off.
"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. Because 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 the Siemens Sector Infrastructure & Cities and member of the Managing Board of Siemens AG.
Cities are the engines for future growth. They generate 80 percent of global economic output. However, in a globalized economy, with businesses and workforces increasingly able to relocate internationally, they must compete to offer the most attractive environment for economic activity. The study "The Mobility Opportunity" is geared toward city decision-makers around the world so that they may use its recommendations to achieve the greatest economic benefit.
For further information and pictures from the event available at www.siemens.com/press/mobility-opportunity
The Siemens Infrastructure & Cities Sector (Munich, Germany), with approximately 90,000 employees, focuses on sustainable and intelligent infrastructure technologies. Its offering includes products, systems and solutions for intelligent traffic management, rail-bound transportation, smart grids, power distribution, energy efficient buildings, and safety and security. The Sector comprises the divisions Building Technologies, Low and Medium Voltage, Mobility and Logistics, Rail Systems and Smart Grid. For more information visit http://www.siemens.com/infrastructure-cities
Reference Number: IC201406009e
Tel: +49 (89) 636-632041
Tel: +44 (203) 206-8800
Stefan Wagner | Siemens Infrastructure & Cities
Research investigates whether solar events could trigger birth defects on Earth
21.07.2015 | University of Kansas
Accounting for short-lived forcers in carbon budgets
15.07.2015 | International Institute for Applied Systems Analysis (IIASA)
Physicists from Regensburg and Marburg, Germany have succeeded in taking a slow-motion movie of speeding electrons in a solid driven by a strong light wave. In the process, they have unraveled a novel quantum phenomenon, which will be reported in the forthcoming edition of Nature.
The advent of ever faster electronics featuring clock rates up to the multiple-gigahertz range has revolutionized our day-to-day life. Researchers and...
Researchers have developed an ultrafast light-emitting device that can flip on and off 90 billion times a second and could form the basis of optical computing.
Joint BioEnergy Institute study identifies bacterial protein that is key to protecting rice against bacterial blight
A bacterial signal that when recognized by rice plants enables the plants to resist a devastating blight disease has been identified by a multi-national team...
Researchers in the Cockrell School of Engineering at The University of Texas at Austin are one step closer to delivering smart windows with a new level of energy efficiency, engineering materials that allow windows to reveal light without transferring heat and, conversely, to block light while allowing heat transmission, as described in two new research papers.
By allowing indoor occupants to more precisely control the energy and sunlight passing through a window, the new materials could significantly reduce costs for...
Argonne scientists used Mira to identify and improve a new mechanism for eliminating friction, which fed into the development of a hybrid material that exhibited superlubricity at the macroscale for the first time. Argonne Leadership Computing Facility (ALCF) researchers helped enable the groundbreaking simulations by overcoming a performance bottleneck that doubled the speed of the team's code.
While reviewing the simulation results of a promising new lubricant material, Argonne researcher Sanket Deshmukh stumbled upon a phenomenon that had never been...
23.07.2015 | Event News
10.07.2015 | Event News
25.06.2015 | Event News
30.07.2015 | Life Sciences
30.07.2015 | Trade Fair News
30.07.2015 | Awards Funding