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Air transport annual report 2015 (English)

This is the eleventh edition of the World Bank Group (WBG) Air Transport Annual Report. This paper summarizes the current activities of the air transport practice at the WBG. Over the past sixty years, the WBG has financed numerous aviation related projects. However, as you may notice, air transportation remains a small sub-sector of the transport practice at the WBG. Road investments continue to dominate our portfolio in terms of lending, followed by urban and rail projects. Nevertheless, the impact of our investments in aviation should be underscored. Aviation remains one of the leading modes of transportation for connecting people and economies, and opening markets. In particular, emerging and developing countries are benefiting most from increased connectivity and greater affordability. For example, the rise of low cost carriers in Asia has not only facilitated travel of business executives and migrant workers, but it has also significantly grown the tourism industry. Tourism, together with aviation, is the world’s largest sector when all the economic impacts are taken into account. In 2015, international tourist arrivals grew by 4.4 percent to reach 1.2 billion. According to the UN World Tourism Organization (UNWTO), tourism generated close to US$1.5 trillion in exports, which includes many smaller landlocked and island developing countries - focus areas for many of our investments. Aviation, a critical component of the tourism industry, contributes greatly to the multiplier effect: according to ICAO, every $100 of revenue produced by air transport triggers an additional US$325 in the economy, and every 100 jobs generates on average 600 additional jobs in other industries. It is therefore timely that the WBG is launching an integrated sustainable tour-ism solutions working group to advance the WBG’s work in the sector. Recognizing the potential of air transportation to contribute to economic development and shared prosperity, the WBG continues to make much-needed, selective investments in the sector. Ultimately, our investments are directed to best serve our clients and their needs. As this report highlights, with an overall portfolio of US$1.47 billion, we remain actively engaged around the world on projects related to air transport policy and regulation, safety, infrastructure rehabilitation, institutional strengthening, and capacity building. Finally, supporting client countries in addressing the environmental challenges of aviation has become a top priority for the WBG and we continue to cooperate with our strategic external partners on this issue.

Details

  • Author

    Schlumberger,Charles E., Vijayakumar,Shruti

  • Document Date

    2016/01/01

  • Document Type

    Annual Report

  • Report Number

    108698

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2016/10/04

  • Disclosure Status

    Disclosed

  • Doc Name

    Air transport annual report 2015

  • Keywords

    air transport;global navigation satellite system;supply and installation;air traffic control;international air transport;Transport and ICT;air transport industry;air transport policy;mode of transportation;air navigation equipment;aeronautical ground lighting;political risk insurance;terms of lending;project's main objectives;private sector actors;institutional capacity building;international trade procedures;information management systems;public service obligation;direct technical assistance;european investment bank;reliable air transport;sustainable tourism solutions;airway management;low cost carriers;air transport sector;issuance of guarantee;regional economic integration;efficiency of road;senior regulatory;sustainability of development;international tourist arrivals;research and preparation;world tourism organization;aviation sector;emergency response;Aviation Security;navigational aid;aviation safety;control tower;regulatory oversight;management capacity;Advisory services;navigation aid;regional airport;international passenger;airport management;extreme poverty;air transportation;airport terminal;terminal building;passenger terminal;active portfolio;consultancy service;knowledge dissemination;tourism industry;international airport;aviation component;investment advisory;power supply;oversight function;operational performance;Job Creation;fiscal resource;airport design;transport operation;passenger travel;runway rehabilitation;future need;regulatory matter;funding resource;Capital Investments;legal expert;civil works;aviation industry;infrastructure rehabilitation;agreed recommendation;safe operation;road investment;stakeholder engagement;fuel storage;secondary airport;monitoring activity;institutional strengthening;infrastructure facility;external partner;currency fluctuation;flight safety;qualified personnel;runway pavement;topographical survey;security equipment;regional operation;migrant worker;business executive;road infrastructure;open market;airport infrastructure;airline service;saint vincent;firefighting equipment;legacy in resettlement;financial viability;transitional arrangement;remedial work;net profit;Port Vila;government investment;domestic flight;Health Service;financial autonomy;international market;drainage system;auxiliary facility;land acquisition;communications equipment;transport facility;water reuse;operational efficiency;lake kivu;environmental challenge;management consultant;Water Management;fire station;global demand;political instability;runway lighting;coastal protection;commodity price;rescue equipment;freight facility;global trade;company limited;economic crisis;international gateway;car parking;safety inspection;safety requirement;grant recipient;environmental sustainability;social fabric;contract management;security fence;international scale;disaster preparedness;aid flow;political will;staff travel;global economy;institutional change;capital budget;national transport;security compliance;rural area;rehabilitation program;improved connectivity;prefeasibility study;airline company;lava flow;road asset;free loan;restructuring process;access road;domestic airport;regulatory capacity;Public Services;policy work;finance activity;navigational equipment;

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Citation

Schlumberger,Charles E. Vijayakumar,Shruti

Air transport annual report 2015 (English). World Bank Group Air Transport Annual Report Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/615501475474068015/Air-transport-annual-report-2015