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If you're like most city leaders, you understand the benefits of making your city more livable, workable and sustainable. But time and again, one of the things we hear from leaders is that money is the biggest obstacle to taking on smart city...
Article - 03/09/2017
Active Region(s): Main, North America
Category: Finance and procurement, Financing and procurement tools
The latest change in foreign direct investment (FDI) norms linked to the construction sector might help attract private players to the government’s ambitious smart city project. Since the Centre has allocated only Rs 500 crore per city under the...
Article - 11/16/2015
Active Region(s): India
Category: Economic development, Computing resources, Finance and procurement, Policy and leadership, Financing and procurement tools
(Image source: ADB India website)The Asian Development Bank (ADB) and the government of India signed a $ 200 million loan agreement to support lending by the Indian Renewable Energy Development Agency (IREDA) to eligible renewable energy sub-...
Article - 10/31/2015
Active Region(s): India
Category: Built environment, Energy, Finance and procurement, Financing and procurement tools
Madhya Pradesh seems to be all set to receive a deluge of funding from Japanese firms in core infrastructure projects following a 10-day trip by the chief minister Shivraj Singh Chouhan, to Japan and South Korea.During his visit, the minister met...
Article - 10/12/2015
Active Region(s): India
Category: Economic development, Payments, Computing resources, Finance and procurement, Financing and procurement tools
The Indian government has announced Rs 48,000 crore for the transformation of smart cities, clearly it is not enough. Taking into account the huge resource requirement for Smart Cities Mission and AMRUT, the Urban Development (UD) Ministry is...
Article - 09/09/2015
Active Region(s): India
Category: Finance and procurement, Financing and procurement tools
The Union Urban Development Ministry on Thursday approved allotment of Rs 192 crore under the Smart City Mission for 96 off the 98 selected cities. Each of the cities received Rs 2 crore for preparing Smart City plan."Rs 2 crore provided for each...
Article - 09/07/2015
Active Region(s): India
Category: Finance and procurement, Financing and procurement tools
A lack of funding has always been a common obstacle that developing nations have struggled to overcome. But a new initiative promises to make it easier for those who want to invest to give, and for those who need the investment to receive.Council...
Article - 07/17/2015
Active Region(s): Main, North America
Category: Finance and procurement, Financing and procurement tools
There’s never been a time when it has been so easy for cities large and small to buy technology and expertise. But for the investment to be a success, it’s not just what they buy — it’s how they buy it.Council Lead Partner IBM conducts an annual...
Article - 05/20/2015
Active Region(s): Main, North America
Category: Analytics, Citizen engagement, Finance and procurement, Financing and procurement tools
As the buzz around climate change grows louder, cities around the world are celebrating Earth Day. To refresh your memory, Earth Day made its debut on this date in 1970 and, some would say, launched the modern environmental movement.Yet, while eco-...
Article - 04/22/2015
Active Region(s): Main, North America
Category: Energy, Finance and procurement, Financing and procurement tools
Municipal bonds used to be an almost foolproof way of paying for big projects. But with those falling out of favor with big investors, Denver was forced to think small. The investors behind its Better Denver project were small-time investors: its...
Article - 10/03/2014
Active Region(s): Main, North America
Category: Built environment, Citizen engagement, Finance and procurement, Citizen engagement strategies and tools, Financing and procurement tools
The International City/County Management Association (ICMA) featured the Smart Cities Financial Guide in the July 2014 issue of its PM Magazine. The Center for Urban Innovation at Arizona State University partnered with the Smart Cities Council to...
Article - 07/15/2014
Active Region(s): Main, North America
Category: Finance and procurement, Financing and procurement tools
A New York Times article earlier this week suggesting Europe remains a step ahead of the U.S. in creating smart cities garnered a lot of attention on Twitter and elsewhere. Even though Europe was hard hit by the recent financial crisis, the Times...
Article - 04/23/2014
Active Region(s): Main, North America
Category: Finance and procurement, Policy and leadership, Financing and procurement tools
When smart cities encourage residents to adopt new technologies – say energy efficiency upgrades – there may be resistance. Residents may not have the upfront money to pay for them. They may be reluctant to adopt something unfamiliar to them. They...
Article - 04/18/2014
Active Region(s): Main, North America
Category: Energy, Finance and procurement, Financing and procurement tools