Page 62 - Digital solutions for integrated city management and use cases: A U4SSC deliverable on city platforms
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This also makes global initiatives, such as United for Smart Sustainable Cities (U4SSC), valuable
            due to their role as connectors and spot lighthouse of cities and communities as well as facilitators
            of inter-city and regional collaboration and knowledge-sharing.


            5.2     Governance


            Project and city initiatives are usually managed in the local government by vertically structured
            departments. These municipal departments usually work in vertical city silos. However, smart city
            projects are generally multidisciplinary and involve different areas of the organization, as well as
            collaboration with external stakeholders.

            The creation of a smart city office, made up of a multidisciplinary team, can be a guarantee to align
            the city’s vision, strategy along with policies for the digital transformation of municipal services, the
            unified management of information and normalized relationship with external agents.


            Unified governance around the city data platform becomes an opportunity to drive smart city
            transformation. Unified information, dashboards and the introduction of “smart clauses” in the
            technical specification of public procurements help to standardize the integration of data and
            reports provided by internal departments and external stakeholders using open standards.


            Cooperation and collaboration between the public-private domains will be essential as cities
            continue to evolve into increasingly complex systems


            5.3     Economic sustainability


            Corporations and governments with a limited budget must satisfy the local services demanded by
            citizens. The project of a smart city platform requires a large amount of investment and significant
            operational costs. Common finance sources for carrying out Smart city projects are public budget
            and Public-Private Partnerships (PPP). Other innovative financing instruments proposed are
            crowdfunding, earmarking government funding, monetizing the local data collected, recoverable
            investment funds, etc.
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            There is a considerable difference between European municipalities and smart cities in India,
            China or the US which are normally financed by national governments and private funding. But for
            European local governments one of the most significant sources of financing projects are European
            Union programmes. Within the EU, specific initiatives supported by the European Commission, such
            as the “European Innovation Partnership on Smart Cities and Communities” (EIP-SCC) provides clear
            and practical information about opportunities of European funding (European Structural Investment
            Funds, the European Investment Bank’s financial instruments as well as several programmes
            managed by the European Commission and Member States .
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            As an example, Figure 24 shows different financing structures that municipalities in the EU have
            used for the commissioning and operational support of their city platforms .
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