Page 50 - A U4SSC deliverable - Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects
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Box 19: Project management stage-gate process
Besides the planning project stages, it is critical to ensure that each project has a logical role in the
long-term city investment plan, which should be described in a consolidated investment project
book. This will enable potential investors and city partners to see the city development strategy in
perspective and may help increase their motivation for long-term cooperation.
The project book should include information on six dimensions/sections:
1. Where: the context of where the project will take place
Country, nation, city, population, government, state-owned enterprise, pathology, ambition,
vision 2030, gross domestic product, Gini, Human Development Index.
2. What: the product that needs financing
Description of the infrastructure, purpose, public service to be provided by the asset in the
system.
3. How much: the budget required
Global investment values, CAPEX, OPEX, payback period, financing and funding, IRR, NPV,
equity/debt ratio, value for money, value for people, value for the planet.
4. How: the transformation and impact – why this project is needed in the long term
Transformation and value-creation process, people and planet impact.
5. When: the milestones
32 U4SSC: Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects
