Call for Urban Development Projects with Cities Investment Facility

 

The Cities Investment Facility (CIF) invites governments and urban project developers to submit investable urban development projects to join the CIF pipeline, with selected projects to be showcased at the 11th Session of the World Urban Forum (WUF11) in 2022.

CIF is a multi-stakeholder initiative centred around unlocking greater capital flows to urban impact projects, by supporting their processes of ideation, design, financing, and implementation, using a series of partnership-based instruments.

Selected projects will actively participate in all 3 pillars of CIF in the following ways:

  • Projects will be showcased on the Cities Investment Portal (CI Portal), which allows city officials to reach out to a global audience of investors and access a community of stakeholders at the ideation stage.
  • Projects will work with the Cities Investment Advisory Platform (CIAP), an initiative providing advisory services on upstream project preparation, bankability, and SDG-impact.
  • Projects will access the Cities Investment Vehicles (CI Vehicles), who are brokers or funds that provide diverse and blended sources of capital to enable cities to begin implementing their projects.

The goal for the projects submitted at this call is to reach the stage of implementation and attract private investment. Select few projects may also be presented in a high-level interactive setting to private and commercial investors at WUF11 in June 2022.

 

WHO CAN PARTICIPATE?

This is an open call for sustainable infrastructure projects. Governments (National/State/Local), project promoters and developers working on public infrastructure projects, UN Regional officers and key CIF focal points are invited to submit projects for consideration in this call.

 

WHAT IS INVOLVED?

CIF and its implementing partners will support and provide advisory services and/or financial support, in SDG, technical and investability realms to prepare projects for investments, connect projects to investors, participate in financial products design and provide projects a platform to showcase their progress on the CI Portal.

 

CRITERIA FOR SUBMITTED PROJECTS

The submitted project should:

  • Have undergone preliminary scoping and preparation supported by business case, project management plan, and a demand study
  • Be clearly connected with an existing urban master plan or broader development strategy for the municipality
  • Present evidence of government support for the project (national and/or regional levels)
  • Align with the UN Sustainable Development Goals

Please note:

Priority will be given to projects that:

  • Require a minimum investment amount of USD$20 million (per project or aggregated project package)
  • Align with UN-Habitat’s existing geographical footprint
  • Showcase a strong level of preparation (e.g. progressed with relevant statutory approvals, environmental and social impact assessments), investability, and investor-orientation, with clear risk and financial considerations
  • Operate in following priority areas: Affordable Housing, Energy, Roads and Bridges, Informal Settlements Upgrading, Transport and Mobility, Urban Infill and Public Space, Waste Management, and Water and Sanitation
  • Can be integrated with the Global Urban Monitoring Framework and SDG Cities Flagship

WHY PARTICIPATE?

Participating projects will:

  • Gain exposure to multiple development communities and investors via the platform and potential showcasing at WUF11
  • Have the opportunity to refine and turn existing projects into bankable investments
  • Receive feedback and support from experts, and practitioners through the CIAP
  • Have the opportunity to receive funding for project implementation
  • Engage at a high level with international organisations

WHAT ARE THE NEXT STEPS?

  1. Submit your project to us by the November 8 th, 2021
  2. The project selection panel will evaluate projects by end of November 2021 (Tentative on number of projects)
  3. If your project is shortlisted, CIF will reach out to you for additional data collection and interview
  4. A final evaluation will be conducted, and the results of the open call will be shared by early December 2021 (Tentative on number of projects)
  5. Selected projects will be onboarded and enter the CIF pipeline

 

To apply, please follow the link to the submission form here.

Please note that the deadline for submissions is November 8th, 2021 11:59 PM EAT.

If you have any questions regarding the process, please email us at unhabitat-cip@un.org.

 

Download Guiding Documents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Frequently Asked Questions:

There is no definitive timeline for all the projects, as the progression dates of projects in tracks through 1 to 4 can vary greatly. The CIF team will update the project promoters when they progress through the pipeline.
The CIF team have a project selection committee comprised of members from the CIF Secretariat, and CIF implementing partners that analyse the projects who apply and categorise them from track 1 to track 4, depending on the project details and current feasibility work. Services received will vary depending on which track your project is placed in, to ensure CIF support is contextual to the needs of your project. For example, if your project is placed in track 2, the project is in the early stages (concept or pre-feasibility) with preliminary information, compelling cases and government co-financing. Our CIF implementing partners (The Cities Investment Advisory Platform and the Cities Investment Vehicles) accommodate their services to the information provided and support project development towards financial close.
We endeavour to accept projects from all sectors. In the past, we’ve typically seen applications from these sectors; water management, transport, energy, affordable housing, roads & bridges, urban infill and many more. But we welcome any project that endeavours to address one or multiple Sustainable Development Goals for people living in urban cities and settlements.
Whilst benefits can vary depending on the allocated track of your project, here is a list of some of the benefits that projects receive during their relationship with CIF; assistance with financial modelling, technical project assessment, permit/licenses/rights of way identified and implemented, drafting and implementation of environmental & social impact assessment, production of viability grant funding applications and more. If your project is in need of greater assistance prior to these services, CIF implementing partners will provide feedback, checklists and service provider lists.
The CIF offers a host of benefits to support projects in their journey towards bankability, from advisory services, access to a network of investors, publicity on the CIP, the opportunity to be showcased at the World Urban Forum 11, and more. Please refer to the brochure or the FAQ above to view the full list of benefits.

Successfully selected projects in this open call will require a $600 (USD) one-off registration fee per project to upload project information onto the Cities Investment Portal. There will also be a subsequent annual maintenance fee of $150 (USD) for the year 2022. This is a 50% discounted fee for projects who sign up in the first year of the CIP’s operations, anticipated to be officially launched in 2022 prior to the World Urban Forum 11.

CIAP services will require some additional costs for project preparation and bankability advisory work, and will vary from project to project. Projects coming from Least and Less Developed Countries (LLDC) that may not be able to afford this fee can potentially have it subsidised through other external or CIF-generated capital flows (e.g. deal flow fees, grants).
The CIF are the mediating party between urban infrastructure projects and our implementing partners who provide the professional services to develop your projects. Think City are responsible for the first component of CIF called the Cities Investment Platform. They are responsible for website design, marketing and are the first introduction to CIF. The Cities Investment Advisory Platform are the second component to CIF and is run by the Global Development Indicator who conduct concept to mid-stage development of projects. The final component of CIF is the Cities Investment Vehicles who are responsible for mid to late-stage development of projects. The Emerging Markets Investment Fund (EMIF Group) are currently responsible for this section, but the CIF Secretariat are currenlty working to adopt more partners to cater towards various sectors evident in the project applications.

 

Submit Your Project

 

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