1. business and industrial
2. energy
3. renewable energy

Connected Smart Cities
The European Investment Bank
Financing Smart City Development
Brian Field
European Investment Bank
The Smart City concept is closely linked to
other city visions
Sustainable
development
Ecology and
environmental
protection
Sustainable City
Emphasis on
sustainable
development including
resource efficiency,
long term approach etc.
Smart City
A new paradigm or
an enabler?
Eco/Green city
Emphasis on
environmental
protection
Sustainable
Inclusive
Climate
change
Social
Inclusion and
cohesion
Resilient City
Emphasis on
adaptation and risk
management
Inclusive city
Emphasis on social and
economic issues to promote
more equitable place-making
and social inclusion
Resilient
Green
Smart City investment – cutting across the sectors
Smart Metering
ENERGY
MOBILITY
Electric Vehicles
 Traffic Management
Street Lighting
Gas Distribution
Smart Grid Mass Public Transport
Renewable Energy

Smart City approach – integrating
across sectorial themes
Efficient Buildings



Efficient
Homes
BUILDINGS AND HOMES
Water Distribution Management

WATER
Stormwater Management


Congestion Charging
Education, R&D, ICT
Healthcare
Social Care
SOCIAL INFRASTRUCTURE
EIB’s emerging Smart City investment criteria
Sustainable
Energy
Mobility
Urban
development
Sustainable Communities:
Sustainable Mobility:
Energy efficiency and renewables:
• Led by urban strategy, local
development plan
• Promote employment and growth
• Alleviate social exclusion
• Brownfield redevelopment
• Public buildings
• Social and affordable housing
• Invest in heritage sites
• Fit into a mobility plan
• Public transport infra + rolling stock
• Road safety and energy efficiency
improvements
• Intelligent transport systems
• Traffic control systems
• Intermodal transfer
• Demand management measures
(New EIB lending criteria 2013)
• New buildings – near energy neutral
• Existing buildings – cost-optimum
approach
• Efficient lighting – energy savings
stream > 50% of investment cost
• Support to meeting EU2020 and
national RES targets
• Support to mature and emerging RES
technologies
EIB’s emerging Smart City investment criteria
Sustainable and Smart
Sustainable and ….
Integrated
Innovative
Inclusive
•
•
•
•
•
•
Smart strategy
Two or more
dimensions
Technology
Approach
•
Stakeholder participation
Partnership governmentbusiness-universities
Smart governance
and ….
Dynamic in time
Dynamic in space
Specific
•
•
•
•
What is Smart today
may not be “normal”
tomorrow
•
Small towns can be
Smart too…
What is Smart in a
small town may not be
Smart in a big city
Not just a label
Can be monitored
EIB’s tools to finance “Smart” municipalities
Instrument
Investment Loans
Direct loan for a specific investment
project or programme, usually > EUR
100m
Framework Loans
Loan for a programme of investments
meeting defined criteria but not finally
prepared at time of signing
Funds
Investment in a fund
Advisory support
Examples of potential Smart City financing
• Loan to a City to finance an urban renewal project with
smart features
• Loan to co-finance an Integrated Territorial Investment
with structural funds
• Loan to a private partner to implement a Smart City
programme under contract
• R&D loan to develop innovative Smart technology
• Framework loan to a city or region to finance a
programme of small or medium Smart investments
• Framework loan to co-finance sustainable urban
investments under a structural fund operational
programme
• Framework loan to a bank to finance smart city
investments
• Investment into an urban development fund, brownfield
fund, fund specialised in Smart City investment
•ELENA support to preparation of Energy Efficiency and
Renewables programmes linked to the Covenant of Mayors
•EIB Institute research grant to review application of
international Smart City best practice in the Mediterranean
region
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Case study – Rouen ecoquartiers
Rouen eco-quartiers
Flaubert-Luceline
• Remediation of port/
industrial brownfields
• Preparation of sites for
mixed residential,
commercial, public
space, culture, leisure
uses.
• Emphasis on sustainable
mobility, near-passive
energy municipal
building, geothermal
heating network
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