Transition Gaps in the EU COOs remain large in the field of urban regeneration, as many cities face a lack of appropriate and green real estate in accessible, well-served locations, especially as they are in the process of shifting from manufacturing towards knowledge-based industries. Further, many of the Central European, Baltic and South-Eastern European COOs face negative demographics and flat rates of urbanization, although this is partially masked by the ongoing migration of populations to a small number of prominent cities accompanied by population decline in a larger number of less prominent settlements. This situation makes a rethinking of the urban space in affected cities indispensable.
Urban regeneration projects can first and foremost improve energy efficiency in built environments by reducing locked-in emissions from sprawling cities and by upgrading existing building stock. These types of projects further have the potential to improve citizens’ quality of life by i) reducing travel times between residential locations and access points for work and public services, ii) improving disinvested locations and creating new public spaces and, perhaps most importantly by iii) supporting new economic models and enhancing labour markets through attraction of new investments in the most accessible urban core locations. The pipeline of project opportunities in EU countries is strong, as potential projects are currently under development in Poland and Croatia. The Bank can demonstrate strong additionally in these engagements through integrated banking and cooperation operations.
Within the context of the Programme, support will be provided in two critical working areas: Brownfield Urban Regeneration Masterplan Support Services and Asset Strategy/ Buildings Energy Support Services.
The EBRD will be the beneficiary of the services.
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