Economic Policy Paper on Transportation (Air, Water, Land) and Policy Related to Infrastructure and Utilities
Preamble
The word "TRANSPORT" has been derived from the Latin word "TRANSPORTARE". "TRANS" means across or the other side and "PORTARE" means carry. Transport thus means to carry to the other side.
The level of transport needs in a growing economy depends on the pattern of development e.g. spatial distribution of economic activities, sectoral composition, importance of international trade. A policy is required to answer such vital questions, among others, as who will provide transport infrastructure, who will provide transport services, how transport infrastructure and services should be priced, what are the appropriate roles of various transport modes in a transport system are, and how to resolve potential conflicts between transport developments and the environment.
Bangladesh economy is burdened by major transportation constraints resulting from a combination of factors, which are physical, geographical and historical, developmental (low-level investments and maintenance) and institutional policy framework related. Improvement of this situation requires accomplishment of the following three broad activities: Analysis of transport system
Analysis of individual transport modes
Analysis of key strategic issues
In the light of existing situation, this paper sets out development strategies with respect to future investments as well as various policies and institutional reforms necessary for improved efficiency of the sector particularly through the direct involvement of the Private Sector.
2. Significance of Transport System Development
2.1. Development Significance
No politics move smoothly unless economy moves smoothly; and no economy moves smoothly unless transport moves smoothly. Hence without strong economy politics may simply turn to be