According to McKinsey Global Institute, US$57 trillion will be required to finance global infrastructure between 2013 and 2030.[i] Most of those needs are in cities that are growing at an unprecedented rate.
We launched the Financing Urban Infrastructure Initiative to directly address this major challenge.
In 2015, the Initiative will produce a practical, case-based handbook of innovative infrastructure financing models for public and private stakeholders in the urban finance field.
Dr. Julie Kim of the Global Projects Center at Stanford University joined the New Cities Foundation in February 2015 as a Senior Fellow to lead the Initiative. She will present the results of her work at the Foundation’s global events including the New Cities Summit.
Meet Dr. Julie Kim, our 2015 Senior Fellow.
The Financing Urban Infrastructure Initiative is made possible with generous support from our Founding Member Cisco and Member Citi.
[i] Source: “Infrastructure productivity: How to save $1 trillion a year” – January 2013.
Photo Credit © Pusan Centum City – LY Yang Flickr