This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beifing and so on. The Chinese and lndian economies are expected to be the growth engines of the global economy. i...This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beifing and so on. The Chinese and lndian economies are expected to be the growth engines of the global economy. important role, through their transformation In this process cities are expected to play an into ＂World Class ＂ cities, a term now doing rounds in the policy circles in Mumbai. to be achieved through massive infrastructure investments made in them. In China, this has been possible because of the decentralized administrative and fiscal system in China. In contrast, in India, the system of urban infrastructure is currently evolving and making a transition from a centralized to a decentralized system. This paper： （i） compares the Chinese and Indian-financial systems to explain differences in the quantum of funds available in cities in both countries; （ii） looks at urban responsibility allocations in terms of institutions; and （iii） compares capital investments made by one city each in the two countries, in Beijing （China） and in Mumbai （India）.展开更多
A transport infrastructure is not only a trip provision system but a public facility that generates value for companies and for the society through expanding markets or developing cities, creating another perspective ...A transport infrastructure is not only a trip provision system but a public facility that generates value for companies and for the society through expanding markets or developing cities, creating another perspective for new investments, as well as its own financing. According to this perspective, the financial earnings resulting from the implementation of transport infrastructure can be captured for its own investment. Given the restrictions of society indebtedness, due to social inequalities, scarcity of resources and insufficient fare collection, with the current financial model for public transport infrastructures, the value capture configures as a strategy to be explored to obtain resources. This paper presents the concept of value capture and its connection and relevance with transport infrastructure financing strategies. Applied to the evaluation of the impacts on the surrounding regions of one of the most significant Brazilian transport projects, the improvement and expansion of Belo Horizonte＇s metro, the provided value capture outcomes open more realistic perspectives for greater engagement of the Public Sector in such projects.展开更多
The inclusive growth and inter-connected development of the global economy is the highest concern of the G20 Summit.The rich experiences in the realm of infrastructure make me believe that increasing investment in hig...The inclusive growth and inter-connected development of the global economy is the highest concern of the G20 Summit.The rich experiences in the realm of infrastructure make me believe that increasing investment in high-quality infrastructure building will provide effective solutions to展开更多
With the advent of tax and expenditure limitations, state and local governments have been searching for new sources of revenue to maintain or expand public services. The need for new sources of revenue has been partic...With the advent of tax and expenditure limitations, state and local governments have been searching for new sources of revenue to maintain or expand public services. The need for new sources of revenue has been particularly acute in localities that have experienced rapid growth. The new act No. 447 of November 20, 2015 on Local Development Fee was approved in Slovakia. The Act comes into force on November 1, 2016. The paper points out possible problems associated with the introduction of the local development fee abroad and discribes the situation in Slovakia.展开更多
Infrastructure connectivity is one of the cooperation priorities of the Belt and Road Initiative(BRI).The construction and improvement of infrastructure means a large amount of investment as well as lots of risks.This...Infrastructure connectivity is one of the cooperation priorities of the Belt and Road Initiative(BRI).The construction and improvement of infrastructure means a large amount of investment as well as lots of risks.This study tries to gauge the funding needs for the countries along the Belt and Road for infrastructure investment to maintain a relatively rapid economic growth.To make it convenient for analysis,this study only projects the appropriate infrastructure investment demand of 65 countries along the Belt and Road that have relatively complete GDP statistics in recent years.And the projection result is the total appropriate infrastructure investment demand is expected to be about US$11.5 trillion between 2017 and 2021.To overcome the challenges and attract more funds to meet the large-scale infrastructure investment demand of the BRI countries,it is critical to improve the infrastructure investment environment in the region.Besides governments’functions of improving investment environment,the role of private investors is of equal importance as market rules and international norms are followed in the process of facilities connectivity construction of the BRI.展开更多
New development lender in Asia assists with regional infrastructure connectivityThe Asian Infrastructure Investment Bank（AIIB）announced on April 6 that it had admitted 13 new members,bringing its total approved memb...New development lender in Asia assists with regional infrastructure connectivityThe Asian Infrastructure Investment Bank（AIIB）announced on April 6 that it had admitted 13 new members,bringing its total approved membership to 70.The new AIIB members come from Asia,Africa,Europeand the Americas.展开更多
基金This paper is the outcome of research as an AsianScholarship Foundation Fellow in 2004, at Tsinghua University, Beijing.
文摘This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beifing and so on. The Chinese and lndian economies are expected to be the growth engines of the global economy. important role, through their transformation In this process cities are expected to play an into ＂World Class ＂ cities, a term now doing rounds in the policy circles in Mumbai. to be achieved through massive infrastructure investments made in them. In China, this has been possible because of the decentralized administrative and fiscal system in China. In contrast, in India, the system of urban infrastructure is currently evolving and making a transition from a centralized to a decentralized system. This paper： （i） compares the Chinese and Indian-financial systems to explain differences in the quantum of funds available in cities in both countries; （ii） looks at urban responsibility allocations in terms of institutions; and （iii） compares capital investments made by one city each in the two countries, in Beijing （China） and in Mumbai （India）.
文摘A transport infrastructure is not only a trip provision system but a public facility that generates value for companies and for the society through expanding markets or developing cities, creating another perspective for new investments, as well as its own financing. According to this perspective, the financial earnings resulting from the implementation of transport infrastructure can be captured for its own investment. Given the restrictions of society indebtedness, due to social inequalities, scarcity of resources and insufficient fare collection, with the current financial model for public transport infrastructures, the value capture configures as a strategy to be explored to obtain resources. This paper presents the concept of value capture and its connection and relevance with transport infrastructure financing strategies. Applied to the evaluation of the impacts on the surrounding regions of one of the most significant Brazilian transport projects, the improvement and expansion of Belo Horizonte＇s metro, the provided value capture outcomes open more realistic perspectives for greater engagement of the Public Sector in such projects.
文摘The inclusive growth and inter-connected development of the global economy is the highest concern of the G20 Summit.The rich experiences in the realm of infrastructure make me believe that increasing investment in high-quality infrastructure building will provide effective solutions to
文摘With the advent of tax and expenditure limitations, state and local governments have been searching for new sources of revenue to maintain or expand public services. The need for new sources of revenue has been particularly acute in localities that have experienced rapid growth. The new act No. 447 of November 20, 2015 on Local Development Fee was approved in Slovakia. The Act comes into force on November 1, 2016. The paper points out possible problems associated with the introduction of the local development fee abroad and discribes the situation in Slovakia.
文摘Infrastructure connectivity is one of the cooperation priorities of the Belt and Road Initiative(BRI).The construction and improvement of infrastructure means a large amount of investment as well as lots of risks.This study tries to gauge the funding needs for the countries along the Belt and Road for infrastructure investment to maintain a relatively rapid economic growth.To make it convenient for analysis,this study only projects the appropriate infrastructure investment demand of 65 countries along the Belt and Road that have relatively complete GDP statistics in recent years.And the projection result is the total appropriate infrastructure investment demand is expected to be about US$11.5 trillion between 2017 and 2021.To overcome the challenges and attract more funds to meet the large-scale infrastructure investment demand of the BRI countries,it is critical to improve the infrastructure investment environment in the region.Besides governments’functions of improving investment environment,the role of private investors is of equal importance as market rules and international norms are followed in the process of facilities connectivity construction of the BRI.
文摘New development lender in Asia assists with regional infrastructure connectivityThe Asian Infrastructure Investment Bank（AIIB）announced on April 6 that it had admitted 13 new members,bringing its total approved membership to 70.The new AIIB members come from Asia,Africa,Europeand the Americas.
