BUCHAREST, March 4, 2019 - The Municipality of Bucharest and the ÐÓ°ÉÂÛ̳ signed today a Reimbursable Service Agreement (RAS) ¨C a form of technical assistance project - to support the municipality in prioritizing and implementing key local development interventions aimed at improving the quality of life for the city¡¯s residents.
Bucharest is a key engine of growth in Romania, situated in one of the most developed economic areas of the country. It also has the highest seismic risk among European capitals, however, and is one of the 10 most vulnerable cities in the world. Like all dynamic cities, Bucharest needs to continuously adapt to new challenges.
¡°Our new country strategy in Romania emphasizes support to municipalities, helping them become more competitive and leverage local assets,¡± said Tatiana Proskuryakova, ÐÓ°ÉÂÛ̳ Country Manager for Romania and Hungary. ¡°This new project will not only improve the Municipality of Bucharest¡¯s approach to its economic and urban development, but will also address two of the city¡¯s most challenging issues ¨C seismic resilience and urban mobility.¡±
ÐÓ°ÉÂÛ̳ will provide technical assistance to the Municipality of Bucharest over a period of 36 months. The focus of this partnership will be on supporting the municipality in strengthening its capacity to prioritize, implement, and monitor key projects that should result in a more efficient delivery of high quality public services.
ÐÓ°ÉÂÛ̳ support will target five main areas:
The elaboration of Bucharest¡¯s Integrated Urban Development Strategy (IUDS), Capital Investment Planning and Management. Support in this area will include identifying key interventions required to improve the functioning and urban development of Bucharest, drafting a shortlist of proposed priority projects for implementation through 2030, and establishing a Monitoring and Evaluation Framework to track the implementation of these projects.
The urban regeneration of the historic center of Bucharest.