Thursday, June 12, 2014

Ulaanbaatar’s traffic chokes the economy

UBPost News: "The issue is as important as it is endemic: congestion can reduce a city’s GDP by up to five percent according to the Asian Development Bank, and the World Bank estimates that traffic accidents cost an additional one to two percent of GDP, and that the full economic cost of air pollution can be up to 10 percent. Issues of public health, environmental sustainability, economic efficiency, and social welfare all stem from a problem with urban transport."

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