Connecting the cities of the future
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Most people are loosely familiar with the idea of the smart city, even if they don’t know the European Commission’s (EC’s) strict definition. This article explores the topic from the policy-makers’ perspective and encourages them to find solutions to some fundamental questions on how smart policy can change a city. By doing so, they can create a competitive differentiator for the city, driving real change and generating cost savings.
The administrators who have had most success in attracting private investment also tend to use innovative financing mechanisms, including public-private partnerships.
Working with clients across the globe has shown us that smart city policies are not always as integrated as they could be. As part of a major report into the future of smart cities, Routes to prosperity: how smart transport infrastructure can help cities to thrive, EY concluded that, at present, the chief priority for urban policy-makers should be to focus on technology-enabled transport infrastructure, which can have a positive impact on businesses and individuals, and help to attract inward investment.
Read the full article to find out how smart transport infrastructure can help and what benefits it brings for both advanced and emerging economies. We also explain how transport infrastructure can be aligned with a city’s purpose and give some best-practice examples.
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