To explain the impact that continuing urbanization has on infrastructure, the World Economic Forum imparts the lessons that international financial institutions (IFIs), such as the European Bank for Reconstruction and Development, have learned in carrying out municipal projects in various service sectors. The report identifies the traits common to successful initiatives, and it describes various project finance and funding models. The most promising funding strategy is “value capture,” which a number of cities already use adroitly. Of course, these ideas are proven and not new or unknown, but getAbstract finds that this text explains them in depth and with context. Project investors, bankers and public officials who want to improve their municipalities’ infrastructure but may lack the necessary know-how will find this report a valuable resource.
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The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.