Verdis, savvas, infrastructure and social equity

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Infrastructure and Social Equity: The London Case

ICN Summit 2014, Copenhagen

Dr Savvas Verdis, Infrastructure Economist, Centre of Competence Cities, London


October 2013

London is Growing

Source: GLA


October 2013

This growth is in the east...

Source: GLA


October 2013

but so is deprivation


October 2013

Mapping Inequalities in London

Source: GLA


October 2013

Dealing with Inequalities: The 3 I’s

Institutions (Spatially Blind Policies) Income tax system, as well as education, health care, basic water and

sanitation

Infrastructure (Spatially Connective Policies) All investments that connect places and provide basic business

services, such as public transportation, ICT networks and utilities

Incentives (Spatially Targeted Policies) Spatially targeted measures to stimulate economic growth in lagging

areas such as investment subsidies, tax rebates, local infrastructure

development

(World Bank, 2009)


October 2013


October 2013

WE ARE THE PENNY PINCHERS


October 2013

Source: GLA

London’s Spatial Strategy


October 2013

Crossrail


October 2013


October 2013

BUT THIS DOES NOT

NECESSARILY MAKE IT

AFFORDABLE


October 2013


October 2013

Source: Crossrail


October 2013

Commercial properties that will contribute to the Business Levy

Source: Crossrail


October 2013

Community Infrastructure Levy for new development


October 2013

Source: GLA


October 2013


October 2013

CULTURE SHIFT


October 2013

An additional way to pay for bond issues

TfL

Bonds User Fees

Business Fees


October 2013

FROM PASSENGER BENEFITS


October 2013

TO PASSENGER AND FIRM BENEFITS

Source: KPMG


@savvasverdis [email protected]

Dr Savvas Verdis, Infrastructure Economist, Centre of Competence Cities, London

Verdis, savvas, infrastructure and social equity

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