Verdis, savvas, infrastructure and social equity

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


October 2013 Page 2

London is Growing

Source: GLA


October 2013 Page 3

This growth is in the east...

Source: GLA


October 2013 Page 4

but so is deprivation


October 2013 Page 5

Mapping Inequalities in London

Source: GLA


October 2013 Page 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)


October 2013 Page 7


October 2013 Page 8

WE ARE THE PENNY PINCHERS


October 2013 Page 9

Source: GLA

London’s Spatial Strategy


October 2013 Page 10

Crossrail







BUT THIS DOES NOT

NECESSARILY MAKE IT

AFFORDABLE





Source: Crossrail



Commercial properties that will contribute to the Business Levy

Source: Crossrail



Community Infrastructure Levy for new development



Source: GLA





CULTURE SHIFT



An additional way to pay for bond issues

TfL

Bonds User Fees

Business Fees



FROM PASSENGER BENEFITS



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

Environment

gla restricted siemens

london restricted siemens

kpmg restricted siemens

london source

business levy source

infrastructure economist

firm benefits source

sanitation infrastructure