By Eve Yeo
[Above: Teo Eng Cheong, chief executive of IE Singapore.]
BOGOTA, Colombia - Singapore will share its traffic management experience and know-how with Bogota.
Under a Memorandum of Understanding (MOU) signed on Friday in the Colombian capital, by the International Enterprise (IE) Singapore and the Ministry of Transport of the Republic of Colombia, a study will be conducted to improve the integration and efficiency of Bogota's transport system amid rapid urbanisation.
Colombia's Minister of Transportation German Cardona Gutierrez said the MOU would tap Singapore's experience in building an efficient transport system despite limited land resources.
"The outcome of this pilot study will be beneficial for other Colombian cities too," he said.
A team of transportation experts from Singapore will examine traffic conditions in the Colombian capital and devise a Traffic Demand Management (TDM) action plan.
At the end of the study, they will recommend policies, infrastructure development and TDM strategies.
Said IE Singapore CEO Teo Eng Cheong: "Our partnership allows Singapore to learn from them and share our developmental experience at the same time. This will deepen out bilateral trade and economic engagement with Colombia."
Bogota has received international recognition for the transformation of the city's transport network, which started in the mid-1990s.
Since 2005, governments from at least 200 cities have visited the city to learn about its transportation initiatives.
One of its initiatives is the introduction of the Bus Rapid Transit Systems, the only large transportation project with approval by the United Nations to generate and sell carbon credits.
This article was first published in The Business Times.