nance practices to extend the life of the existing national infrastructure

Nance practices to extend the life of the existing

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nance practices to extend the life of the existing national infrastructure, which is an essential pre- requisite for a robust mobility system and a flour- ishing economy. Essential to the development of quality infrastruc- ture and transportation is building a first class air, sea and land transport system that has the poten- tial to increase efficiency and improve the lives of all citizens. Overall, the quality of transport sys- tems is an important determinant of cities’ liveabil- ity and economic efficiency. Severe congestion, deteriorating air quality, increased greenhouse gas emissions, increased incidence of road acci- dents, and increased fuel costs are threatening the health and wellbeing of residents, as well as the economic efficiency of our country. Efforts to deal with the problems associated with increasing travel demand have tended to largely focus on expanding the capacity of roads and public transport. Unfortu- nately, this has not been enough. Efforts to increase road capacity may help alleviate the problem in the short term, but over the long term, as long as the number of motor vehicles continues to increase and public transport remain ineffective in absorb- ing the majority of the travelling public, roads will remain congested. Furthermore, to improve accessibility through the transportation network, focus will be on combin- ing smart investment, innovation and maintenance. Investments will be strategic — tackling accessibility problems that would result in obtaining the most eco- nomic value. Innovative solutions will make the mobil- ity system more sustainable and its use more efficient. Developing a high quality public utility system is integral to human and economic development. Water and sanitation, for instance, are fundamental to human sustenance, health and dignity, and by extension, to economic opportunity. Affordable and reliable energy is integral to social life, productiv- ity, competitiveness of industries, and the efficient and effective delivery of services. However, criti- cal gaps in accessing water, sanitation and energy services still exist. Innovative solutions to enhanc- ing investment in public utilities will be pursued. In water, these include new technologies for desali- nation and filtering; and in energy, household solar energy systems, photovoltaic generators and small wind turbines. Policies will also be adopted that utilise business model innovations and incentives, such as hybrid public-private funding models, that attract investors requiring different types and levels of return at different stages, and community part- nerships that leverage social networks and institu- tions to administer the utilities system. As we strive towards Vision 2030, closing the infrastructure gap will undoubtedly be challeng- ing. But it also represents a profound opportunity to create the underpinnings of a more sustainable future. Trinidad and Tobago’s ability to fully realise its competitive potential depends on making smart infrastructure choices. The policy choices must be
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