Key Steps to Success
- Approval of the Plan, as the Regional Development Plan for East PoS, is a critical pre-requisite to ensure compliance by all agencies involved in the development process to carry out development in accordance with a statutory instrument.
- Ready access to land would allow the Company to execute demonstration projects, create new facilities, or perform resident relocation where necessary, among other benefits. The Plan therefore recommends that all public lands within East PoS should be vested in the Company, including lands currently held by other state agencies.
- The Company should encourage the creation of a marketing committee that will be charged with organizing and implementing the branding and marketing for the Plan, in particular the Investment Prospectus, for East PoS through a variety of media.
- Successful implementation of development policies and projects depends on timely availability of funds. While funding is available under the Infrastructure Development Fund for physical infrastructure projects, implementation of appropriate social and economic programmes is a critical element of the regeneration strategy for East PoS.However, these programmes cannot be funded from the Infrastructure Development Fund under existing legislative arrangements. It is therefore imperative that alternative sources of funds are identified and made available in a timely manner to facilitate comprehensive and integrated development and successful urban regeneration in East PoS.
- While some infrastructure provision and upgrading is traditionally the responsibility of the State, the Company recognizes the need to leverage private sector funding to facilitate regeneration through use of joint ventures and other innovative partnership arrangements.
- Preparation of an East PoS Development Order, with the Company as the designated Planning Authority, setting out appropriate development standards, land-use policies and a process for securing development approvals, will ensure flexibility in the regulatory/planning system to facilitate and encourage urban regeneration.The Development Order will be prepared in close consultation with the Town and Country Planning Division and within the framework of the Plan. This strategy allows for speedier determination of applications for development permission and shorter project start—up times for projects that conform to the standards and guidelines specified in the Order.
The Development Order will be administered by the Company as delegated by the Minister responsible for town and country planning.
- Several agencies are active in East PoS. However, there is no formal mechanism for coordination and collaboration between them. Individual project initiatives are therefore conceptualized and implemented in the absence of a comprehensive development framework/strategy, resulting in overlapping jurisdictions, duplication and poorly coordinated project initiatives. The Company should play a coordinating role, as the Chair of an Intersectoral Stakeholder Roundtable, bringing together all other development agencies, private sector actors, relevant non-governmental organizations (NGOs), and other stakeholders within the framework established by the Plan.
- Revitalisation of East PoS should leverage private sector funds and support for investment, economic activity and physical and social development. This requires the State to create an environment that is safe, attractive and physically able to accommodate investment and development, including provision of basic infrastructure systems, transport and accessibility and a well-trained, skilled work force. Consideration should also be given to assembling a package of appropriate financial and other incentives to encourage private sector investors and developers to participate in the regeneration of East PoS.
- An analysis of the organisational structure of the Company is required to ensure the relevant staffing needs, and a clear delineation of roles and responsibilities of individuals and departments, in order to create a company structure that is conducive to conceptualising, managing, and implementing the various proposed projects and initiatives.
- An annual inventory of land & building use and ownership allows prospective developers and businesses to understand the supply and thus the need or demand for various land uses. The inventories should include housing, retail, office, industrial, and warehouse uses, among others. The inventories would show opportunities in the market as well as trends of current redevelopment. The Company along with the Town and Country Planning Division and other relevant agencies should conduct annual inventories of its land use and ownership data, using a Geographic Information System (GIS), and make the results available for display on the Company website.As part of the inventory, vacant, underutilized or “soft” properties that detract from the quality of East PoS should be identified and targeted. Vacant land and derelict buildings offer opportunities for change and redevelopment. In order to seize these opportunities it is necessary to inventory and map the locations of vacant land and derelict buildings and then target new users and promote the inventoried opportunities to new investors. The Company can then use its extensive GIS system to begin to identify a list of properties that might benefit from infill development.
Again, as part of the inventory, buildings that have become functionally or economically obsolete should be identified and targeted for adaptive reuse. This is one of the ways to create new uses within East PoS. Rehabilitated structures can offer less expensive infrastructure than greenfield development with a quick completion rate. The Company should conduct an inventory of existing underused or incomplete structures in East PoS. Feasibility and engineering studies should be undertaken to determine the best use for the structure