CAF analyzes transportation situation in Venezuela

At the invitation of the Vice-presidency of Infrastructure, the CAF team in charge of relations with Venezuela’s Transportation Sector met recently at the CAF’s headquarters in Caracas with the members of the Ministry of Infrastructure’s Public Transportation Committee.

The meeting was attended by top managers of the CAF in their capacity as members of the Committee, the presidents of Caracas Subway, Daniel Davis, Los Teques Subway, Sixto López, Valencia Subway, José Antonio Rocha, and Mérida Trolleybus, Jairo E. Rivas, the general manager of Maracaibo Subway, Yeitter Urdaneta, the president of the Instituto Autónomo Ferrocarriles del Estado, Fernando Román Lugo, and Dolores González, director of Strategic Transportation Planning, and Nancy Matheus, director general of Planning, Programming and Budgets, both of the Ministry of Infrastructure.

The main purpose of the meeting was, on the one hand, to discuss the current status of and outlook for the public transportation sub sector as a component of the Transportation Sector in Venezuela, which the CAF, through the Sectorial Programming and Analysis Division, has decided to give priority in its action plans, and, on the other, to coordinate actions for developing a strategy for the sub sector focused on ensuring the long-term sustainability of the large amounts invested by the country in this sub sector.

The meeting produced preliminary agreements on the need to conduct technical studies, starting with a diagnosis of the current status of the Public Transportation System in order to be able to make concrete proposals on a number of critical issues, among them policies on fares and subsidies.