|- Financing development projects -relocation of wholesale market 382 kb|
|by Sirry, Azza | email@example.com |
|The paper reviews a local initiative of a middle size city in Egypt to overcome the static status of local finance to support local development projects The studied project is a relocation project of a whole sale market from the inner city of Belbeis city to the outskirts on land owned by a jute factory.|
Local finance a global challenge
Planning for local finance and stakeholders empowerment ;
A lesson from Belbeis
Cities are centers of national economic growth and given that the future of the world will be urban it is thus ironic that local authorities in most countries are usually short of sufficient money to meet their responsibilities. Local administration of middle size cities which are the majority of cities around the world especially in developing countries have to face a lot of challenges of providing service , infrastructure and housing. Furthermore they have to do that within a given small budget that depends mainly on central government transfer.
Thus the challenge is how to find new financing opportunities within the legal framework of municipal finance as well as to create new means of finance for development projects. The paper reviews a local initiative of a middle size city in Egypt to overcome the static status of local finance and to generate new local resources to support local development projects The studied project is a relocation project of a whole sale market from the inner city of Belbeis city to the outskirts on land owned by a jute factory. The paper studies the project since its initiation and follows its development until complete relocation and occupation .It also illustrates the role of different concerned parties in order to utilize resources to achieve development objectives. The case shows that the key reason of the successive impacts of the Belbeis wholesale market relocation was the motivation at the local level and the close relation between concerned actors.
The paper aims at formulating practical guidelines that can be used in other cities and different projects to overcome both the financial gap and the bureaucratic framework towards achieving a sustainable built environment. In some other words, the paper tries to introduce a system for mobilizing the local resources that might be applied in a way to enhance the capability of local staff and the community as well to cooperate together for a mutual objective.
|finance- relocation -particpation |