Deadline: 10-May-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
Public investment in infrastructure upgrades, flood risk management and resettlement of informal dwellers will facilitate creation of private, economic value. Alienating publicly-owned sites and selling additional development rights that would enable denser development on existing private parcels would enable the city to capture and leverage the some of the private value created by the public sectors investments. To unlock this additional economic value, the city, engaging with World Bank and technical consultants should identify: an appropriate strategy that takes into account existing constraints, institutional capacities and market context.
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