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Development Funds Prioritize Sustainable City Projects

Date: 28 July 2011

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3 pages

EXECUTIVE SUMMARY

This report helps senior executives in environmental, engineering, and management services firms to identify sustainable urban development project opportunities. The World Bank estimates that low- and middle-income countries need $1.1 trillion in annual expenditure on infrastructure until 2015, yet funding represents one of the main blockers for the execution of sustainable urban development projects. To bridge the gap between public and private funding, the main multilateral development banks (MDBs) are investing $60 billion in sustainable infrastructure projects in 2011. Verdantix research found that MDBs prioritize renewable energy generation, mass transit transport, water efficiency, and ICT network extension projects in urban areas. In the next four years, MDBs will increase their focus on the sustainability of urban development projects through the launch of stand-alone programmes targeting sustainable cities, and the integration of sustainability and climate change considerations at all stages of the project cycle.

TABLE OF CONTENTS

DEVELOPMENT FUNDS PRIORITIZE SUSTAINABLE CITY PROJECTS
Banks Increase Focus On Sustainability Of Urban Projects

ORGANIZATIONS MENTIONED

AECOM, African Development Bank, Asian Development Bank, Buro Happold, CH2M HILL, European Bank for Reconstruction and Development, Inter-American Development Bank, Jacobs, Mace, Mott MacDonald, URS-Scott Wilson, World Bank, WSP Environment & Energy.