
URBAN DEVELOPMENT
More than 2 billion people will be added to the number of urban dwellers in the developing countries over the next 25 years. This implies an unprecedented growth in the demand for housing, water supply, sanitation and other urban infrastructure services. This new challenge exists in a context of already widespread poverty and inequality in cities, with millions of people living in slums without adequate basic services. Providing these services to new residents will be essential if this additional population is not to be trapped in urban poverty, poor health and low productivity. It is an urban problem with significant macroeconomic consequences.
Urban, city, or town planning is the discipline of land use planning which explores several aspects of the built and social environments of municipalities and communities. Other professions deal in more detail with a smaller scale of development, namely architecture, landscape architecture and urban design. Regional planning deals with a still larger environment, at a less detailed level.
We play a key role in urban renewal and re-generation of inner cities by adapting urban planning methods to existing cities suffering from long-term infrastructural decay.
These risks are not equally important in all projects. The significance of particular risks will differ from project to project, depending upon sector characteristics.
The general principles for risk mitigation are well known. The various risks involved should be unbundled and assigned to the participants able to manage them at least cost.
Here, we discuss the major risks involved, the methods for handling these risks, the problems that can arise in each case and provide the best solution to mitigate these risks.