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Pocketmags Digital Magazines
Pocketmags Digital Magazines

Smart cities–pilots with long-term purpose

Different types of city infrastructure–arenas, bridges, car parks, roads, and utilities–have service lives that run into the decades. The long-term debt and project-financing instruments that enable these infrastructure investments match the duration of these service lives.

The time frame for smart city solutions is typically much shorter, ranging from a few months to a few years. Often, the improvements that these solutions deliver rely on better management of traditional infrastructure assets. For example, remote monitoring helps to optimise the maintenance of critical infrastructure, such as bridges. It also creates efficiencies in labour-intensive activities such as street light maintenance and waste collection.

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