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Published on Mar 16, 2012
ABSTRACT: In a relatively short time, many of China's cities have become major industrial, shipping, and financial hubs. To support this unprecedented growth and economic development, China has invested enormous sums to provide transportation, power, communications, sanitation and other basic infrastructure. Although much of this investment has been in newer urban districts, old districts within existing cities still add value to the economy and are often repositories of China's considerable cultural heritage. Maintaining compatibility between the old and the new is always challenging but the renewal of older infrastructure systems often lags behind due to a shortage of capital and difficulties in raising sufficient revenue to support replacement and upgrading of basic systems. This seminar will examine the range of funding and financing options that are in use throughout the world to see what mix of public and private approaches might be most suitable for Chinese cities to adopt as part of a funding and financing strategy that will support enduring and sustainable renewal and redevelopment of older urban districts.
SPEAKER BIO: Richard G. Little is a Senior Fellow in the Price School, where he teaches and conducts research regarding critical infrastructure issues. He was formerly Director of the USC Keston Institute for Public Finance and Infrastructure Policy. Prior to joining USC, he was Director of the Board on Infrastructure and the Constructed Environment of the National Research Council where he directed a program of studies in building and infrastructure research. Mr. Little has over forty years' experience in planning, management, and policy development relating to civil infrastructure, including fifteen years with local government.