CDIA Offers Insights on Preparing Bankable Projects at Asia Pacific Mayors Fellowship Program

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CDIA, through its Capacity Development Specialist Kathleen Jovellanos shared practical insights on preparing bankable and sustainable infrastructure projects at the Asia Pacific Mayors Academy for Sustainable Urban Development.

Organized by UNESCAP, UN-HABITAT and UCLG-ASPAC, among other partners, the event was part of an annual fellowship program for newly elected city leaders to build their capacity to develop and implement sustainable urban solutions in their communities, thereby contributing to the achievement of the New Urban Agenda and Sustainable Development Goals.

Mayors from the cities of Iloilo (Philippines), Sepang (Malaysia), Kochi (India), Chandpur (Bangladesh), Shusha and Naftalan (Azerbaijan), and Fuvahmulah (Maldives) attended the training and peer learning session.

Kathleen served as a resource speaker and facilitator for the module on How to Finance Sustainable Urban Development, which focused on unpacking funding options for cities, accessing international finance, and developing bankable projects that will attract investments.

She highlighted the importance of a rigorous technical preparation for projects to get to investment-ready levels. She likewise advised cities that they can seek support from project preparation facilities like CDIA to increase the bankability and sustainability of their projects. She further emphasized the value of strengthening institutional capacity to ensure that the planned investments of cities can be sustained over a long period of time. See Presentation

Kathleen also moderated a deep-dive session, wherein city mayors shared their chosen financing modality for their identified initiatives, and their strategies for adapting their local circumstances to ensure access to these modalities.

“Thanks to UCLG-ASPAC and its partners for the opportunity to contribute our insights and experiences in project development and financing,” says Kathleen Jovellanos. “We hope that through this, cities would be able to take full advantage of, and address barriers to innovative local finance for the benefit of their constituents.”

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