IMNA reports that the two factors of 1. limited financial resources in municipalities and 2. not paying state funds, are urging municipalities to attract private capital to keep the urban motor running. This could both create jobs and make municipalities be more supportive rather than protector.
Isfahan municipality; therefore, has paved the way for private investors, having been successful so far.
Urban progress by means of Collaborative projects
Referring to collaborative projects in the city, Mehdi Jamali Nejad states: Implementing collaborative projects experienced a 2.5 times progress compared to the past ten years. “Flower & Plant” market and “Dried Fruit” market” are among the projects of that type.
He mentioned those investors who have done a lot for their cities’ progress and development, and then announce that: We are able to execute 50 to 80 % of the projects in collaboration with private sectors.
25000 jobs created by developing collaborative capitalization
Investment & Public Participation Manager of Isfahan Municipality, Morteza Hasam Nejad, said in this regard: 1100 billion tomans have been invested over the past ten years in collaboration with municipality’s private sections; the number has been raised to 3000 billion tomans in only the current year, though.
“Due to that, 25000 jobs are created directly, leading to support national production”, he added.
7000 residential apartments constructed as a result of attracting private capital
He considered the synergy between investors and urban authorities as the key to succeed in Isfahan development.
Hesam Nejad also referred to the construction of new gas stations throughout the city as well as “Najvan Aquarium”, and mentioned them as effective and innovative collaborative projects of the municipality. He emphasized: after 40 years, 50 gas stations were constructed in the city which could widely solve the traffic and environmental problems.
“Urban Management is responsible for creating safe investment in the city, because sociable effects of urban collaborative investments play the key role for investors, in which they will witness that the investment is done in order to provide citizens with various services.
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