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.

National government transfers for smart city initiatives in Singapore

The Smart Nation Initiative was launched by then-Prime Minister Lee Hsien Loong in 2014. This has since been fronted by the Smart Nation Group (SNG), which is an organization under the Prime Minister’s Office (PMO) responsible to set policy directions...

Land pooling scheme for development of new capital city in Andhra Pradesh, India

Following the split of the unified State of Andhra Pradesh in March 2014 into Andhra Pradesh and Telangana, Hyderabad, the former capital, became the capital of Telangana. The newly formed Andhra Pradesh State needed to designate a new capital city.

Municipal bonds for large-scale urban infrastructure projects in Gujarat, India

The Ahmedabad Municipal Corporation (AMC) oversees civic infrastructure and administration for the city of Ahmedabad in Gujarat, India. Over the years, the AMC has gained a reputation for providing efficient public services to its residents, surpassing national averages.

Green bonds in Sweden

Kommuninvest is a government loan agency in Sweden. It was established in 1986 to provide local and regional governments with more cost-efficient and sustainable ways of financing than commercial banks, at the time the only source of external funding.

Green bond for wind farm development in Thailand

Energy Absolute is one of the largest renewable energy companies in Thailand. Energy Absolute aimed to raise THB 10 billion through its maiden green bond issuance. The bonds were issued with tenors of three, five, seven, and ten years, with proceeds used to support the long-term financing of its 260 MW Hanuman wind farm in Chaiyaphum province in Thailand

First Green Sukuk in Malaysia

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.
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