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2nd Specialized Course on Municipal Financing for Capital Projects
Date

Introduction
At the present time, the entire process of management is
directed based on small and large expertise. The municipal
department which is the Urban Development Organization
has the need for various experts and skills.

The ability to attract financial resources and to be able to communicate with investors is some of the most important of these skills which must nonetheless follow certain rules and criteria. The development of income in the municipality is one of the goals of urban management, and whenever the source of income is obtained from selling raw resources, a method considered as anti-development, it brings the city to the verge of bankruptcy. Currently professional organizations in big cities around the world are striving to provide plans to reach this important goal.

The aim of this workshop is to pass on the experiences of the experts at the university, who have been involved in partnerships with the municipalities, to urban managers.

Certainly these experiences would have different outcomes when applied to different small and large cities, but with the use of "creativity" urban managers can apply them effectively. There is hope that by taking a different look at capital absorption and financial partnerships it will increase the income of the municipality and move the city towards sustainable development.
Ramin Keyvani, Scientific Coordinator

Location
Oxford Brookes University
May 11-15, 2008
Lectures
Organizers
1.      International Art & Architecture Research Association (IAARA)
2.      World Olympiad for Urban Design (WOUD)
3.      Best Practices and Local Leadership Program
4.      United Nations Human Settlements Programme (UN-HABITAT)
5.      Yadavaran Publishing Co.
Publications
Scientific Coordinator
Ramin Keyvani
Research Director, OISD-ILM Oxford Brooks University
Partner
Oxford Brookes University
Monday, May 12, 2008
Ramin Keyvani
Research Director, OISD-ILM Oxford Brooks University
Globalisation and Urban Competitiveness
This presentation provides a brief introduction to economic globalisation, its impact on city economy and urban development. The presentation will provide a broader reference point for the workshop as a whole. It includes discussion of different factors including infrastructure and capital projects that are important to urban competitiveness and enhancing city capacities for attracting international investment. It will also examine the need for strategic planning and vision building to guide future development and capital programme in the city.

Richard Grover
Principal Lecturer, Oxford Brooks University
New Public Management
The “New Public Management” is a term that has been applied to a number of developments in the management of public services and public assets since the 1980s. Although these developments are particularly associated with some of the more wealthy economies in the Organization for Economic Co-operation and Development (OECD), such as USA, UK, Australia, New Zealand, and France, they have also been used by middle and low income countries, such as Latvia and Tanzania. Throughout the world governments are faced with the problems of inefficiency and corruption in public services and public assets. Inefficiency arises as public servants are using “public” money rather than risking their own as entrepreneurs do. Corruption can arise because of opportunities for abuse of office, such as requiring citizens to make payments for services they are entitled to expect free of charge. The OECD countries have traditionally resolved these problems by tight government controls over public sector budgets and rigorously enforced processes and procedures. This approach enables these countries to score very highly in terms of their governance so that corruption, abuse of office, and theft of public assets is at a low level. This success has been bought at a price. Rigorous controls over budgets and processes prevent abuse but also stifle initiative with the result that productivity in the public sector tends to be poor. What the New Public Management tries to do is to create an environment in which there is much greater devolution of operational control to front-line staff providing public services and managing public assets whilst retaining accountability so that budgetary control is not weakened or abuse of office take place. This involves new structures for managing public services and assets that are closer to a publicly-owned company than a traditional civil service department but the use of a wider range of key performance indicators alongside strict financial reporting. This session examines the type of measures used and gives examples from a range of countries that have experimented with the New Public Management and seeks to draw conclusions about how successful the approach has been.

Arman Farahmand Razavi
Associate Director, Ramboll WhitbyBird Consultancy
Introduction to Different Municipal Financing Methods

The session provides an overview of different methods of municipal financing currently used in UK and other countries in the west. In particular the session examines different ways of private public partnership schemes that allow governments and municipalities to tap into the resources of different groups of financiers. Utilising two case study examples from the Cross Rail project in London and the Durban new Airport in South Africa the session focuses on developing a business case and raising fincance in partnership with the private sector.

Neil Monaghan
Head of Property, Oxford County Council
Financing Capital Projects in Oxford County Council

This presentation is divided into two main sections. The first section provides an overview of Oxford County Council structure, capital projects and methods of financing. The second section will focus on the Castle project and how the County Council as owner of teh site ensured that it was used for beneficial regeneration by forming a partnership with the private sector and external funding bodies.

Tuesday, May 13, 2008
Ramin Keyvani
Research Director, OISD-ILM Oxford Brooks University
Private Finance Initiative, a closer look
Utilising the case study of the Cheney Halls of Residence at Oxford Brookes University this presentation will provide a detailed focus on the use of PFI schemes in the UK. This includes a more general introduction to development and adoption of PFI schemes before giving a detailed account of the brookes experience in, and reasons for adopting the PFI method for developing the Cheney of Halls of Residence.


Richard Grover
Principal Lecturer, Oxford Brooks University
Investment appraisal in the public sector
The public sector undertakes a range of investment activities, such as the construction of new schools, roads and hospitals, carrying out energy efficient upgrading of social housing, and purchasing new equipment and buildings to improve the delivery of public services. These investment activities require significant expenditure now that is expected to generate benefits in the future such as service improvements or cost reductions. When the private sector makes such decisions, for example, whether to invest in a new machine that can generate profits in the future, firms make use of investment appraisal techniques. This session examines the best approaches to investment appraisal for the public sector. It draws on the experience of the UK other OECD governments. The approach they have adopted is to use discounted cash flow investment appraisal techniques which place the initial expenditure and the future benefits on a time equivalent basis. They also involve the setting of target rates of return for the investment and the use of life cycle costing so that the costs and benefits over the whole project are considered and not just initial costs. They also involve the use of methods of risk analysis so that decision makers are able to judge how likely it is that the projected benefits will be received

Nigel Harris
Professor at University College London
Returning to Globalisation and City Economy
This sessions will provide a concluding session to our discussions. We will return to the broader urban economy and competitiveness agenda and examine the way municipal financing and more broadly international investment impact the city economy in a rapidly globalising world. Following a short introductory lecture the sessions will provide opportunity for more detailed discussions and debate on issues raised.

Lesley Dunstone
Clinical Lead, Relocation Project, Churchill Hospital
Case Study Visit to John Radcliffe/Churchill Hospital Extension
This case study provides the opportunity to visit a major PFI capital build scheme in Oxford.  This is comprised of two PFI agreements (worth about £245 million) that aim to develop two sites at John Radcliffe and Churchill Hospitals for providing regional new services including a specialised head and neck unit and cancer centre.
The 2nd specialized course on development of income & capital absorption in the municipalities took place on May 11-15, 2008 in Oxford with the cooperation of Oxford Brookes University.
Participants gather in front of Radcliffe Hospital with Lesley Dunstone and Dr. Ramin Keyvani, on May 13, 2008.
International Art &
Architecture Research
A s s o c i a t i o n