Paramaribo is the capital and largest city of Suriname.  It has a population of 250,000.  Around 75 percent of Suriname’s GDP is consumed in Paramaribo.  The World Economic Forum Global Competitiveness Report (2013) ranked Suriname 71st out of 148 with respect to the quality of road infrastructure.

Poverty and Corruption Economy should be tackled

19 Oct 2017 borgenproject.org

Suriname is the smallest country in South America, it is one of the world’s poorest countries, with over 70 percent of its population living under the poverty line.  The economy became more diversified and independent once Dutch aid stopped. Bauxite is the primary source of revenue, as well as agricultural exports and oil and gold extraction.

With a rise in the ecotourism and diversification of exports, the potential for Suriname’s economy to improve is high as untouched rainforest, protected bioreserves has attracted many tourist over years. A large number of local and international organizations are working to provide educational and health services.

With an increase in foreign investment and local change to tackle corruption, some of the problems faced by the Surinamese can be addressed.

The most common transport

Minibusses are privately operated and travel along set routes but don’t have predetermined schedules; buses will often only leave the station once they are full. It is the cheapest and most popular mode of transportation in Suriname.

There are little boats can take you over the other side of the Suriname River.  If you join locals and wait until a boat is full, you pay 1 SRD (one way); 5 SRD extra for a bicycle. If you want to go immediately you can pay for the whole boat (20 SRD if you bargain, otherwise 30 SRD). This is a preferred option for small groups (with bikes).

Automatic Fare Collection (AFC) as a tool for building a sustainable city

31 Oct 2019 issuu.com

Latin America and the Caribbean is the most urbanized developing region on the planet, with 8 out of 10 people living in cities.

The Emerging and Sustainable Cities Program (ESC) employs a multidisciplinary approach to identify, organize and prioritize urban interventions to tackle the main roadblocks that prevent the sustainable growth of emerging cities in Latin America and the Caribbean. This transversal approach is based on three pillars:

  • environmental and climate change sustainability;
  • urban sustainability;
  • fiscal sustainability and governance.

A sustainable transportation system is a key to success.

AFC basically collects money from general public and uses the money to invest in infrastructure.

Case Study: London Oyster Cards

In London, £400 million unclaimed on Transport for London Oyster cards (source FT.com).

oyster card unclaimed

That the amount of unclaimed money on Oyster cards, which enable commuters to travel on public transport in London, has risen steadily to just under £400m over the past six years. Transport for London has published data on Oyster card usage between October 2013 and September 2019.

More specifically, there is currently £190.6m in unclaimed pay as you go balances and £196.7m in unclaimed deposits, according to TfL.

Commuters obtain an Oyster card by paying a £5 “deposit”. However, to pay for travel on London transport, commuters build up their “balance” by adding cash to their cards at a shop, or an Underground or train station. Both the deposit and the unused balance can be claimed back.

According to TfL, the amount of unclaimed deposits rose from £64.2m in June 2014 to £196.7m in June 2019. Unclaimed balances rose from £68.4m in June 2014 to £190.6m in June 2019.

Business opportunity

When transport systems are efficient, they provide economic and social opportunities and benefits that result in positive multiplier effects such as better accessibility to markets, employment, and additional investments.

It’s a good chance to deploy an AFC on their minibus or ferry or even old buses to avoid the overcharge, driver’s fraud and fake money.

It is independent of the bus company, you can have a positive cashflow of investment over USD $250,000 and earn about USD$250,000 every year for a population of 250,000 passengers.

The writer is a frequency traveler.  To learn more about AFC, please visit mobileafc.net.

Post Author: GCSharing

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