Korea has achieved phenomenal growth over the past 40 years based on its consistent investment of transport infrastructure such as roads, railways, airports and ports. The nation kept expanding the transport infrastructure through comprehensive national territorial development programs, Five-Year Economic Development Plans, and a special account designed to facilitate the installation and maintenance of transport facilities. Such a development scheme, which has made it possible for Korea to turn itself into an aid donor after being a recipient of international aid until the 1990s, is now being closely watched by the world and numerous developing countries are showing a keen interest in the development of transportation in Korea.
This workshop, with leading experts from the Korea Transport Institute and World Bank Transport & ICT Global Practice, will discuss Korea’s experiences as well as global trends by the World Bank perspectives in transport infrastructure investment and how the key achievements and lessons could be applied to developing countries. Areas of topic include national transportation network plan and financing schemes, opportunities to leverage emerging innovation such as big data, ICT and internet of things, as well as economic implications and challenges in the implementation of public transit reform for addressing metropolitan traffic issues. The discussions at the end of each session will also focus on identifying areas of collaboration between the World Bank and KOTI on research, knowledge sharing, staff learning and prospective future projects.