Dr. Mohsen Tabatabaei Mozd Abadi

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Dr. Mohsen Tabatabaei Mozd Abadi

Underrepresentation of private sector in urban projects; 6.3 trillion dollar is needed for the development of urban infrastructures by 2030

Monday, April 18, 2016 11:14 AM
economy
شماره خبر: 203797

Referring to the important role of the media for private sector’s investment in urban field, the secretary of IUESA said: globally, it is estimated that more than 6.3 trillion dollar is needed for the development of urban infrastructures by 2030.

 interviewing with Mehr News Agency in the side lines of the 21st Press Exhibition, Seyyed Mohsen Tabatabaei, the secretary of IUESA said: scientific associations have high capacities for cooperating with the media in order to cover scientific and specialized urban developments and events, referring to the role of the media in the efficient development of urban services.

Noting that news agencies address the issues of urban economy less while it is a fundamental issue globally, the general director of the scientific-research Quarterly Journal of Economics and Urban Management said: development and improvement of the performance of urban management is dependent on achieving to sustainable revenue resources and it is not achieved without an economic look in urban management field.

Expressing that if 70 per cent of urban management revenues are provided by selling density, construction licence and land use change, economic crisis such as recession in housing market can seriously influence urban management, he added: while most of revenues are sustainable in developed countries so that it is 78% in Tokyo, 65% in Seoul, and 73% in Taipei.

Saying that it is assumed that solving the problems of housing and urban infrastructures needs 6.3 trillion dollars investment by 2030 in the regions such as Africa, Asia, Latin America, and other less developed regions, he further said: Therefore, it is necessary for the media to play their role as the observer of urban society in preparing the ground for governmental and private sectors’ investments.

Emphasizing that the presence of private sector is faint, he said: private sector invested 755 billion dollars in more than 2500 urban projects during 1990 to 2001.

 Source : Mehr News agency

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