World Bank fund to help combat traffic congestion
Print Edition
THE World Bank is allocating a fund to help seven Chinese cities ease traffic congestion by reducing the number of private cars on the road and improving public transport.
A total of US$32.73 million will be granted to cities including Beijing, Tianjin, Ningbo, Nanchang and Shenzhen via the institution’s trust-funded program on environmental protection, the Global Environment Facility.
The international lender said the fund would be used to pilot transit-oriented development, an urban planning concept that integrates land use and transport.
“It focuses on compact, mixed-use, pedestrian and bicycle-friendly development around transit stations that can help reverse the trend of car-dependent city sprawl, improve air quality and reduce road congestion,” said Fang Wanli, the bank’s urban economist.
The project will facilitate a national platform to help cities strengthen their ability to develop policies, guidelines and strategies for integrated urban planning.
China’s new-type urbanization drive, which features people-centered and integrated development, will benefit, according to the World Bank.
Chinese cities have experienced unprecedented growth, with urban residents accounting for 57.35 percent of the country’s total population in 2016. The proportion is expected to increase to 70 percent by 2030. But side-effects have emerged and improved planning has become essential for building livable, sustainable and inclusive cities.
The World’s Bank’s project comprises 27 participating cities in 11 countries.
Established in 1991, the fund aims to help tackle pressing environmental problems and it has launched 790 investment projects and programs in 120 countries.
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