Verdis, savvas, infrastructure and social equity

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Verdis, savvas, infrastructure and social equity

  1. 1. Restricted © Siemens plc 2013 All rights reserved. Infrastructure and Social Equity: The London Case ICN Summit 2014, Copenhagen Dr Savvas Verdis, Infrastructure Economist, Centre of Competence Cities, London
  2. 2. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 2 London is Growing Source: GLA
  3. 3. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 3 This growth is in the east... Source: GLA
  4. 4. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 4 but so is deprivation
  5. 5. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 5 Mapping Inequalities in London Source: GLA
  6. 6. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 6 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)
  7. 7. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 7
  8. 8. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 8 WE ARE THE PENNY PINCHERS
  9. 9. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 9 Source: GLA London’s Spatial Strategy
  10. 10. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 10 Crossrail
  11. 11. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 11
  12. 12. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 12
  13. 13. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 13 BUT THIS DOES NOT NECESSARILY MAKE IT AFFORDABLE
  14. 14. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 14
  15. 15. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 15 Source: Crossrail
  16. 16. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 16 Commercial properties that will contribute to the Business Levy Source: Crossrail
  17. 17. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 17 Community Infrastructure Levy for new development
  18. 18. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 18 Source: GLA
  19. 19. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 19
  20. 20. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 20 CULTURE SHIFT
  21. 21. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 21 An additional way to pay for bond issues TfL Bonds User Fees Business Fees
  22. 22. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 22 FROM PASSENGER BENEFITS
  23. 23. Restricted © Siemens plc 2013 All rights reserved. October 2013Page 23 TO PASSENGER AND FIRM BENEFITS Source: KPMG
  24. 24. Restricted © Siemens plc 2013 All rights reserved. @savvasverdis savvas.verdis@siemens.com Dr Savvas Verdis, Infrastructure Economist, Centre of Competence Cities, London

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