URBAN MOBILITY
Sustainable cities and communities
Climate action
Good health and well being
Industry, innovation and infraestructure
CAF finances and mobilizes resources to improve access to and quality of urban transportation through public transportation, cycling infrastructure, urban roads and urban logistics projects.
These types of interventions generate a reduction in travel time by public transport and improve safety for cyclists, increasing the use of public transport and cycling infrastructure by 6 to 48%. This has improved the working conditions of Latin Americans and Caribbeans and their access to various services.
Urban transportation is a key element for citizens to access the various opportunities cities offer, such as jobs, education, health services, or social activities.
However, in LAC, there are gaps in access and quality of urban mobility. For instance, over 20% of Latin Americans do not have a formal public transport option within 10 minutes of their home, and the road infrastructure for pedestrians and cyclists is low compared to the number of trips made using these modes.
Added to these issues are the negative externalities generated during mobility, such as vehicular congestion, road accidents, and environmental pollution.
Contributions in numbers
Recognizing these challenges and committed to the region’s development, between 2018 and 2022, CAF finances and mobilizes resourcesfor a total amountof USD 2.6 billion destined to 36 operations that seek to improve access and quality of urban transport through projects in public transportation, cycle infrastructure, urban roads, and urban logistics.
These interventions have led to reduced travel times via public transport and enhanced cyclist safety, increasingthe use ofpublictransport and cycle infrastructure by 6% to 48%. This has improved the working conditions and access to various services for people in Latin America and the Caribbean.
Furthermore, CAF’s initiatives positively impact urban mobility by discouraging the use of private motorized transport, thereby helping to limit and reduce associated negative externalities.
Collectively, these efforts do more than transform urban mobility; they also significantly enhance the quality of life for citizens, forging the path for a more sustainable and inclusive future in the region.