Blog » Public-Private Collaboration to Enable Transformative Investments in Open Space
Fortaleza Urban Sustainable Development Project (P153012) is one of the World Bank projects with strong components on improving public urban spaces. Urbanscapes in corporation with the project team, has facilitated a panel on Public Spaces Transformation at the Public Policy at the City Level Seminar, held from March 22-24, 2018 in Brazil.
Emanuela Monteiro shared her insights from the panel with this informative blog piece. Thank you Manu for sharing! And attached you could also find the presentation delivered by the invited speaker Connie Chung, Principal for the HR&A Advisors.
Public-Private Collaboration to Enable Transformative Investments in Open Space
by Emanuela Monteiro
The city of Fortaleza is located at the country’s Northeast coast and its vision is going through equitable, inclusive and resilient transformation in the long term. This involves: i) key investments in the urban environment, including the rehabilitation of its system of parks and green areas; and ii) innovative solutions for infrastructure financing at the local level, and for an increased participation of the private sector through multiple public-private schemes.
In an effort to advance their development agenda, the city of Fortaleza has reached out to the World Bank to help present relevant sector content to an audience of city officials and policy makers, as part of a seminar held from March 22-24, 2018, on Innovation in Public Policy at the City Level.
Following its mandate to generate and disseminate global knowledge, as well as to provide support to WB operations, World Bank’s Urbanscapes Group has helped the Fortaleza Project Task Team set up a panel on Public Spaces Transformation. Responding to a client demand, Urbanscapes has facilitated the participation of an international consulting firm (HR&A Advisors), whose work involves public-private partnership and shaping public-private collaboration to enable transformative investments in the public realm, especially open space. Connie Chung, the Principal for the HR&A Advisors, showcased the companies recent work during the panel. North American public space transformative projects (e.g. the Highline Park, in New York City, and the park system of the city of Dallas, Texas) were presented as background cases to describe resulting public and economic benefits.
Some of the underlying messages of the presentation were the following:
Fortaleza therefore embarks on a new journey knowing that the answer to critical questions must be pursued: What are city’s goals and its vision for the role parks will play in its growth? How will success be measured? And what policy tools, public funding and financing mechanisms, and public-private partnerships can be used to make those successes happen?