Public-Private Partnerships (video)

Small Projects in South Asia – Thimphu Urban Parking PPP in Bhutan

03.17.2015 - By World Bank's Open Learning Campus (OLC)Play

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Sub-national governments at provincial and local levels in South Asia have turned to PPP projects, which are relatively smaller in size, for the provision of essential services like solid waste management, energy-efficient street-lighting, municipal parking etc. These services, if delivered well, can have a transformative effect on the lives of citizens. While the benefits of private participation in the delivery of these services are undeniable, few projects have been undertaken relative to the substantial requirement.

One such project is the multi-level car parking (MLCP) PPP facility recently closed by the Thimphu Municipal Corporation in Bhutan which intends to transform Norzin Lam, the most important shopping and entertainment street in the city, into a pedestrian-only thoroughfare. The IFC provided transaction advisory services for the Project.

This webinar will discuss the project, its structure, the larger vision behind it and its challenges.

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