Smart Urban Regeneration

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Presentation transcript:

Smart Urban Regeneration Country Presentation: Mauritius Gaetan Siew & Zaheer Allam / The Port Louis Development Initiative

+ Mauritius Smart New Cities Existing Cities Smart Smart 1.2 m Mauritians Complementary Vision + Smart New Cities Smart Existing Cities 725,400 Rural population Decentralisation Urban to Rural 474,600 Urban population Heal the cities Presentationstemplate.com

Proposed Package of Incentives Optimal use of Existing Infrastructure Innovative Start-ups 8y Income tax exemption for start-ups <10m turnover Tax allowances for angel investors Occupation permits for Startups investors (as from USD 25,000) Residential Property Renovation of public assets Non-citizens allowed to acquire apartments VAT refund of up to Rs 200k on renovation works Affordable Housing for the youth Public domain investment =Accelerated depreciation Tax credit over a period of 3 years Full VAT / Customs duty exemption Creative & Cultural Industries Urban Regeneration Scheme Income tax exemption for income <20 million Tax deductions for donations to heritage NGOs/funds Allow crowdfunding Artists = SMEs Property Developers & Landowners No reg duty & land transfer tax on acquisition No customs duty/VAT on construction materials 8y Income tax relief for sale/rental of property No BLUP fee Exemption from the L&T Act for non-residential State Land Lease –@ 25% of market value till 2028 Green Mobility 10y Tax relief Urban Management Solutions 10y Tax relief

Smart Urban Regeneration 01 How was the programme relevant to us? 02 What are they, and how will they influence your approach and strategies? 03 How would you amend your approach? Planning & Governance in Smart Urban Regeneration Urban Financing Singapore Liveability Framework Mobility

05 What are the clear project(s) for follow-ups? 04 What are some of the new interventions or strategies that you could explore? 05 What are the clear project(s) for follow-ups? 06 Who/which department would take the lead? New integrated Housing Scheme Community empowerment and leadership Governance models based on legal foundations (AFUL)

2018 2020 2019 07 What are the resources and expertise required? 08 What is the time frame of intervention? 2018 A new viewpoint towards Urban Regeneration led by strong governance and community empowerment Discussion, scheme writing, and Implementation in parastatal bodies or legal structure Demonstration through pilot projects 2019 2020

09 How do we measure success? 2023 - 32 M 1.22 Bn Attracted Investment 2022 7 M 29 M 2021 140 M 26.8 M 32 M Generated Public Revenue MEASURABLE STRATEGIES, QUANTIFIED RESULTS 2019 450 M 15 M 2020 170 M 22.7 M 2018 450 M 6.2 M Figures in USD

What is a city but its people What is a city but its people? William Shakespeare The tragedy of Coriolanus Thank you