Urban Infrastructure Financing: Empowering Thai Cities for Sustainable Growth

00:05:40
https://www.youtube.com/watch?v=d4PeDvAdLfA

Summary

TLDRVideoen diskuterer viktigheten av å investere i infrastrukturprosjekter i sekundære byer i Thailand for å drive økonomisk vekst og redusere ulikhet. Den understreker behovet for lokal myndighet og samarbeid med privat sektor for å overvinne utfordringer forårsaket av sentralisering. Fokuset er på å utvikle transit-orienterte områder og byplanlegging for å håndtere vekst bærekraftig, med eksempler fra byer som Rayong og Khon Kaen. Målet er å skape et gunstig miljø for investeringer og forbedre levekårene, og til slutt løfte samfunn ut av fattigdom.

Takeaways

  • 🌆 Investering i infrastruktur i sekundære byer er avgjørende for økonomisk vekst.
  • 🤝 Samarbeid med privat sektor er nødvendig for å overvinne barrierer.
  • 🚉 Utvikling av transit-orienterte områder er en viktig strategi.
  • 📊 Khon Kaen-modellen fokuserer på å redusere fattigdom og ulikhet.
  • 🌍 Innen 2050 forventes 68% av verdens befolkning å bo i urbane områder.
  • 🏙️ God bydesign er viktig for bærekraftig vekst.
  • 📈 Lokale myndigheter må ha myndighet til å lage byplaner.
  • 💡 Verdensbanken kan gi nødvendig støtte og ressurser.
  • 📉 Langsiktig mål er å redusere romlig ulikhet.
  • 🔄 Desentralisering er nøkkelen til Thailands fremtidige velstand.

Timeline

  • 00:00:00 - 00:05:40

    Investing in infrastructure projects in secondary cities in Thailand is seen as a new growth engine, independent of central government and political delays. The focus is on local partnerships with the private sector to overcome barriers to growth, especially in areas like Chiang Mai, which lacks mass transit despite high tourist numbers. The aim is to manage growth to prevent urban sprawl into farmland and ensure sustainable development. The organization emphasizes the importance of urban design and clear zoning to facilitate development, with specific long-term plans like the Smart City initiative in Khon Kaen, which includes 136 projects aimed at reducing poverty and inequality. Local authorities are empowered to create town plans, attracting investment and addressing local needs. By 2050, urban areas will house 68% of the global population, necessitating improved urban infrastructure. The focus is on creating an environment for public and private investment in infrastructure to alleviate poverty and reduce spatial inequality, promoting local empowerment and decentralization as pathways for Thailand's future prosperity.

Mind Map

Video Q&A

  • What is the main focus of the infrastructure project in Thailand?

    The main focus is to invest in secondary cities to drive economic growth and reduce inequality.

  • How does centralization affect city growth?

    Centralization of power has caused laws that obstruct city growth and pose challenges.

  • What is the role of the private sector in these projects?

    The private sector is partnered with to overcome barriers and enhance local development.

  • What is a significant project mentioned in the video?

    The development of a transit-oriented development (TOD) area in the Central District of Rayong.

  • What is the expected outcome by 2050?

    By 2050, 68% of the world population is expected to reside in urban areas, increasing pressure on cities to deliver infrastructure.

  • What is the Khon Kaen model?

    The Khon Kaen model aims to fix poverty, reduce inequality, and increase transparency through various projects.

  • What is the importance of urban design?

    Urban design is crucial for clear zoning and creating a structured blueprint for city development.

  • How can local governments be empowered?

    Local governments can be empowered by giving them authority to make town plans and attract investments.

  • What is the expected role of the World Bank?

    The World Bank is expected to provide experiences, toolkits, and budget support for local development.

  • What is the long-term goal of these infrastructure projects?

    The long-term goal is to lift areas out of poverty and reduce spatial inequality.

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  • 00:00:04
    If we invest in the infrastructure project in the secondary city in Thailand.
  • 00:00:09
    That is the new growth engine of Thailand.
  • 00:00:12
    No need to wait for the central government.
  • 00:00:15
    No need to wait for the politicians.
  • 00:00:17
    No need to wait for anything. We design or own destiny.
  • 00:00:25
    Centralization of power has caused many laws to obstruct the city's growth and pose a challenge.
  • 00:00:36
    But we can't stop. When the state cannot do it locally,
  • 00:00:42
    we will partner with the private sector to overcome as many barriers as possible, which we are doing today.
  • 00:00:52
    Although the mass economy is growing, the income distribution of the people in the area is still not good.
  • 00:00:56
    Therefore, the economy will grow only in the center, which is Bangkok and its surrounding provinces.
  • 00:01:03
    We are the first organization in Thailand, an innovative research agency that especially takes care of area development.
  • 00:01:13
    We expect the World Bank to be a significant third-party organization globally with a set of
  • 00:01:21
    experiences, toolkits, and a considerable portion of the budget we urgently need.
  • 00:01:32
    As the city grows, there are more tourists. About 10 million people visit Chiang Mai annually.
  • 00:01:38
    but we don't have mass transit.
  • 00:01:43
    If growth is left unmanaged, housing estates will invade farmland.
  • 00:01:49
    Growth without direction will be a problem in the future.
  • 00:01:59
    Infrastructure development is a mechanism and a critical factor for a secondary city to achieve economic growth
  • 00:02:07
    and the ability to expand prosperity, transport, and people-to-people connections
  • 00:02:13
    connections into the neighbouring town to build a new cluster in the future.
  • 00:02:20
    We are working on one significant project,
  • 00:02:27
    to develop a transit-oriented development (TOD) area in the Central District of Rayong.
  • 00:02:36
    Urban design is important, you need to make the zoning of the city very clear.
  • 00:02:43
    Make sure that there is structure, and have a good blueprint of the city.
  • 00:02:48
    You might want to have the blueprint of every beach.
  • 00:02:51
    let me give you an example, Patong might be an entertainment city, and Kamala might be halal city.
  • 00:03:03
    In Khon Kaen, we have the plan of 20 years. Smart City, 20 years.
  • 00:03:08
    We have 136 projects.
  • 00:03:11
    LRT is one of the 136 projects.
  • 00:03:16
    The purpose of the Khon Kaen model is to fix poverty, reduce inequality
  • 00:03:23
    and increase transparency.
  • 00:03:26
    So that’s why, what we do is not only LRT,
  • 00:03:31
    it is the structure that you can build any project on top of this platform.
  • 00:03:44
    We immediately took action when the Ministry of the Interior gave the local authorities the authority to make town plans.
  • 00:03:51
    When we changed the color of the city plan and set the height of the building, including the size of the city area, investors came in.
  • 00:04:00
    Locals cannot rely on centralized budgets like in the past.
  • 00:04:04
    The project will provide participating cities with the capacity and knowledge to assess how ready they are to attract investment
  • 00:04:15
    and to develop projects that will invest in infrastructure that will meet local needs.
  • 00:04:20
    The most exciting thing is to see these local governments empowered.
  • 00:04:24
    By 2050, 68% of the world population is expected to reside in urban areas.
  • 00:04:33
    This will increase pressure in the countries and their cities
  • 00:04:38
    to deliver urban infrastructure that can improve livability, productivity
  • 00:04:44
    and sustainability.
  • 00:04:46
    It’s essential to create an enabling environment
  • 00:04:50
    for subnational infrastructure investments
  • 00:04:54
    from public and private sources of finance.
  • 00:05:00
    This requires new mechanisms
  • 00:05:03
    that support the mobilization of private investments and reduce
  • 00:05:07
    the financial shortfalls from purely public budgets.
  • 00:05:14
    And in the longer term, what we expect is these cities will lift
  • 00:05:20
    those areas out of poverty and therefore reduce the spacial inequality.
  • 00:05:25
    This is the way for Thailand to prosper in the future through empowerment at the local level and dectralization.
Tags
  • infrastructure
  • Thailand
  • economic growth
  • inequality
  • local empowerment
  • private sector
  • urban planning
  • transit-oriented development
  • Khon Kaen
  • Rayong