Cities Investment Platform
The Cities Investment Platform (CIP) brings together cities and investors, foster new partnerships and provide support towards making sustainable urbanization investable. At CIP, city leaders will pitch projects to panels of investors who will offer feedback on the projects' investability.
The Cities Investment Platform (CIP), launched at WUF10, aims to bring together cities and investors, foster new partnerships and provide support towards making sustainable urbanization investable. This session and Digital Marketplace is a the ‘proof-of-concept’ for a new initiative being piloted at UN-Habitat: the Cities Investment Facility (CIF. CIF is a programme at UN-Habitat with the goal of capacitating local and regional governments in areas of project preparation, capital mobilisation and standard setting.
Through diversified advisory to countries, cities and investors, CIF helps cities to respond to investor needs, and close the gap between sustainable urban development projects and investors. With the support of UN- Habitat flagships such as Urban 2030, CIF will add to a growing set of tools with a relevant value proposition towards sustainable urbanization offered to member states. It will also provide improved in-roads towards UN-Habitat’s direct connections with local, municipal and regional authorities. Additionally, this programme complements the shift in the UN system in general from a model of funding projects to longer-term financing of strategic initiatives that can leverage financial resources in private hands towards causes for the public good.
In the lead-up to the CIP at WUF10, UN-Habitat has issued an Open Call for urban development projects with the aim of presenting them during the ‘Pitching Session’. Cities and development authorities are invited to submit projects with a clear opportunity for private and commercial investment to finance part of the project together with public funds. UN-Habitat and partners will select a shortlist of projects, and subsequently work together with applicants to prepare their projects for presentation and pitching. Projects will need to be developed to a calibre both appealing to investors and with relevant information for financial terms to be discussed. UN-Habitat’s support includes technical assistance and matchmaking that will populate the Cities Investment Portal (online) and inspire an improved pipeline of sustainable urbanization projects vetted by UN-Habitat.