Mr. Turner on Costs
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I AST week, Mr. K. C. Turner, in his ,capacity of president of the International Road Transport Union (1RU), spoke of the 20th Congress of the International Chamber of Commerce in New Delhi. He surveyed some of the complex problems of selection and financing infrastructure investments in the field of transport.
Road transport did not need a special track for its exclusive use, said Mr. Turner. Moreover, it had to provide for economic requirements other than movement of persons • or goods. Although these were elementary points, they had to be borne in mind when working out apportionment of track costs. The solution given to track problems would decide the future of road transport for a long time to code.
An investment was considered worth while if its immediate yield was seven or more per cent. In road investment the benefits grew with the development of traffic. Mr. Turner then dealt with road financing through three successive stages and noted that in the U.S.A, 27 states had adopted an amendment to their constitution prohibiting any misuse of road funds. Within the E.E.C. it was proposed that taxation should be adapted to ensure that users meet track costs but no more.