Melaka Sustainability Outlook Diagnostic : Supporting Report 6 - Demonstrating Fiscal Sustainability
Capital investment is essential for achieving sustainable cities. Melaka State’s long-term sustainability can be improved through well-planned investments in various projects, such as the development of ports and rail connections, a robust public t...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/154961556621029178/Supporting-Report-6-Demonstrating-Fiscal-Sustainability http://hdl.handle.net/10986/31664 |
| Summary: | Capital investment is essential for
achieving sustainable cities. Melaka State’s long-term
sustainability can be improved through well-planned
investments in various projects, such as the development of
ports and rail connections, a robust public transportation
network, and adequate flood prevention. All of these
projects will require capital. Although financing provided
by Malaysia’s federal government is important, Melaka
State’s ability to shape its own investment priorities and
accelerate the fiscal improvement process can be greatly
enhanced by accessing market-based financing whether through
long-term debt financing, public-private partnerships
(PPPs), land value capture mechanisms, or a combination of
these. Fiscal sustainability is the key to accessing
adequate capital resources for Melaka State’s investment
projects indicated in the state structure plan. This
supporting report reviews the fiscal sustainability of both
Melaka State and one of its municipalities, Melaka City. The
report concludes by offering several key recommendations
that Melaka State and Melaka City could take in order to
improve their fiscal sustainability. |
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