Case Studies​

The case studies below represent a curated collection of examples that illustrate the strategic use of innovative financing instruments to fund and drive the transformation of smarter and more sustainable cities.

CountryInstrument CategoryInstrumentsCase Study
Brunei Darussalam
Government FundingNational government transfersGovernment Funding for a National Mobile Health Application, Brunei Darussalam
Cambodia
Other Financing MechanismsBlended finance vehiclesTapping on Blended Finance Mechanism for the Development of Solar Power Plant in Cambodia
Indonesia
Government FundingAsset recyclingAsset Recycling for Toll Road Projects in Indonesia
Lao PDR
Development FundsRegional development fundsUrban Environment Improvement Investment Project, Laos
Malaysia
Bond IssuanceSukuk (Bonds) First Green Sukuk in Malaysia
Myanmar
Development FundsTechnical assistance grantsTechnical Assistance for Sanitation and Waste Management Improvements, Myanmar
Philippines
Public Private Partnership (PPP)Build-operate-transfer (BOT)Public–Private Partnership to Develop Public Market in the Philippines
Singapore
Government FundingNational government transfersNational Government Transfers for Smart City Initiatives in Singapore
Viet Nam
Loan-based FinancingTerm loanWater Environment Improvement Project, Viet Nam
Chile
Other Financing MechanismsOn-bill financing / On-bill repayment schemesOn-Bill Financing for Electric Public Buses in Chile
India
Government FundingLand poolingLand Pooling Scheme for Development of New Capital City in Andhra Pradesh, India
India
Bond IssuanceMunicipal bonds Municipal Bonds for Large-Scale Urban Infrastructure Projects in Gujarat, India
Netherlands
Other Financing MechanismsCrowdfundingCrowdfunding for Wind Energy in the Netherlands
Sweden
Bond IssuanceGSSS BondsGreen Bonds in Sweden
Thailand
Bond IssuanceGSSS BondsGreen Bond for Wind Farm Development in Thailand
U.S.A
Other Financing MechanismsOn-bill financing / On-bill repayment schemesOn-Bill Financing for Energy Efficiency Investments in California, USA
The Brunei Darussalem government allotted B$18 million (USD 13.4 million)* for the development of BruHealth phase II and III in its budget for FY23/24.
Building a solar power plant was facilitated by blended concessional finance, with a US$41 million total cost with support of US$4 million from the Canada-IFC Blended Finance Program.
The Toll Road Special Vehicle (BUJT) operating the MBZ Toll Road has divested 40% of its share in PT Jasamarga Jalanlayang Cikampek (JJC) worth IDR 4.38 trillion (USD 291.6 million) * to PT Margautama Nusantara (MUN) which is a subsidiary of Salim Group Company.
US$ 45 million through regional development funds
Malaysia stands as one of the world’s major hubs for Islamic banking, boasting a well-established sukuk market that represents approximately 40% of global outstanding sukuk as of 3Q2023. In 2014, the country introduced its Sustainable and Responsible Investment (SRI) sukuk framework to position itself as a centre for green and sustainable Islamic finance.
The Government of Japan through the Japan International Cooperation Agency (JICA) supported an UN-Habitat project with the Yangon authorities to improve sanitation and waste management services in Yangon through a technical assistance grant of US$7.27 million. The project was planned to benefit approximately 25,000 households and over 250 schools.
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