Second CDIA Training at WUF9 Serves to Advance Project Preparation and Financing
February 15, 2018
The effective implementation of action plans towards the global agenda lies on the quality of infrastructure projects and the sufficiency of their funding, as well as the solid cooperation between key players in the field of development. That is why CDIA has always emphasized the importance of adequate project preparation for urban infrastructure investments. Prior to implementation, any project for the improvement of municipal infrastructure needs a wide variety of detailed information usually collected through a project preparation study.
In order to raise awareness and disseminate tools to help cities effectively formulate their projects, CDIA prepared the training course, “Get Projects Ready to Match Global Agenda Financing Criteria.” It was conducted jointly with partners – PPP Center of the Philippines, PTSMI Indonesia, UN-Habitat, GIB Foundation and UCLG-ASPAC last February 11, 2018 at the Ninth World Urban Forum in Kuala Lumpur, Malaysia.
Two project case studies – the Manila Southwest Bus Terminal, presented by Director Feroisa Concordia of PPP Center; and the Medan Light Rail Transit project, presented by Mr. Pradana Murti of PTSMI served as subjects for assessment. Through the GIB Smart Scan Tool, they were analyzed according to how they matched a large set of criteria required to be eligible for funding through a variety of global agenda funds. Ms. Katharina Schneider-Roo explained about the GIB Tool.
Around 30 participants attended, who not only actively participated in the discussions of the two projects, but also elaborated on more inspiring ideas that could be integrated into the projects to increase their impacts on climate change mitigation, urban resilience and other global agenda criteria.
Mr. Mike Kim from UCLG-ASPAC provided additional inputs on the financial sustainability of public transport projects after the initial investment was infused during the latter period of operation and maintenance.
Finally, Dr. Yoel Siegel from UN Habitat suggested to precisely study the effects of any infrastructure project on municipal budgets to foster public benefits. He also recommended applying mechanisms of Land Value Finance to socialize parts of the benefits which are usually obtained by private land owners although generated by public investments.