CDIA points out PPP to be productive at Metropolitan Solutions 2016

Cities Development Initiative for Asia (CDIA) took part in the Metropolitan Solutions 2016 that was held in Berlin, Germany from 31st May to 2nd June this year. Metropolitan Solutions 2016 is a single platform that encompassed international conferences, an exhibition area and a matchmaking platform. Focused on several key themes vital for sustainable urban development, the event concentrated on buildings and public space, energy, management, mobility and logistics, and water and waste water solutions. Eva Ringhof, Urban Development Specialist of CDIA spoke at two conferences on 31 May: (1) Municipal Finance: Making Finance Work for Cities and (2) Sustainable Urban China. Specified the limits of public funding, CDIA is working with local governments to leverage these public funds and attract additional financing from the private sector. Cooperation with the national level is also crucial to enable political will. Cities are gradually getting attentive in Public-Private-Partnership Projects, not only because the private sector can bring in additional capital, but because the private sector often brings in operational proficiency and delivers access to new technology. At the project level, the city’s capability of recuperating costs is vital. A city needs to have a healthy and robust financial administration to confirm cost retrieval of the significant infrastructure.   Source: cdia.asia