Page 23 - A U4SSC deliverable - Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects

both policy improvement and a list of costed city project proposals. Such an approach can help city
governments to seek financing for development projects, both from private-sector stakeholders
and from national budgets.

The UNECE works with cities from the UNECE region using the “Sustainable Smart Cities with
Innovative Financing” approach to build the capacities of city governments, both to evaluate their
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performance and seek financing for their development projects.

The first step in this approach is the development of a city profile, using the U4SSC KPI evaluation
methodology. The profile covers the assessment of a city as smart and sustainable, and provides
recommendations for future development. The city is then supported by UNECE experts in
developing its action plan, based on recommendations provided in the city profile. The action
plan consists of two parts: (i) policy improvement (legislation); and (ii) costed city development
projects. Both parts of the plan are targeted at supporting the sustainable smart urban development
of the city.

These Guidelines are aimed at supporting cities, with the development of a list of costed development
projects as a part of the action plan. They will also discuss how to ensure that project proposals
are understandable and attractive to potential investors, from both the private and public sectors.

U4SSC: Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects 5