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5/7/2009



Rail News: Rail Industry Trends

Infrastructure investment key to trade growth, ITI official tells Asia-Pacific transportation ministers


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Continued investments in transportation infrastructure is critical to maintaining worldwide economic growth, Patrick Sherry, a professor and board member of the Intermodal Transportation Institute at the University of Denver told delegates attending the 6th Annual Asia-Pacific Economic Cooperation (APEC) Transportation Ministers Meeting.

“Despite the recent downturn in global economic activity, regional investment in high-speed rail to move people and heavy rail to move more freight, combined with human capital and workforce development, are critical components of a competitive infrastructure and are needed throughout Asia-Pacific to improve productivity and stimulate international trade for their economies,” Sherry told ministers at the meeting, which was held last week in Manila.

During the summit, transportation ministers talked about their economic plans and investment strategies designed to combat the worldwide economic downturn. They also discussed piracy off the African coast, and global health concerns and the impact they can have on global trade.


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