on Jan 09, 2024
Mobilizing Finance Through Anticipating Economic Impact of Urban Infrastructure
Photo: World Bank
This press release was originally issued by The World Bank.
In April 2021, the World Bank engaged HR&A Advisors to support an Advisory Services Activity (ASA) under Terms of Reference (TOR) to produce two case study narrative assessments of completed urban infrastructure projects in identifying how those projects impacted private sector partners and/or economic sectors to inform opportunities for targeting and collaborating with private co-investment and enhancing Program Design for urban infrastructure projects. HR&A’s assessment of impacts includes all direct, indirect, and induced impacts, with a focus primarily on indirect and induced impacts as a means of catalyzing private investment. Indirect or induced impacts are also referred to as positive externalities or ‘multiplier’ impacts. Recommendations in this report focus primarily on indirect or ‘multiplier’ impacts associated with real estate values, development activity, business investment, jobs, and quality of life. Real estate values and other development do not necessarily represent a benefit themselves but are a quantifiable measure of the capitalized impacts of a project.
Click here to read the official PDF report.