How much does it cost to build a new city or an extension of a city?
When planning a new large-scale city development, do you understand the capital investment required to build a new city or city extension?
Through a detailed analysis, we have selected a series of key factors that are considered to have the most significant impact on the infrastructure requirements and hence capital investment required for a new city. We have developed the Cities Cost Model, as a means of predicting the costs of infrastructure on schemes with a population range of 50,000 up to 2 million, whilst there are a series of scenarios within the model which allow for options to be evaluated in real-time.
What the cities cost model cover?
By selecting one of the options from each of these factors the model will provide a total site preparation and infrastructure cost in US Dollars. This will be expressed as both a total cost and a cost per capita (per head of population) and will show a more detailed split between:
- Site preparation
- Social infrastructure
- Professional fees
The infrastructure requirements and costs in the model for the site preparation and strategic infrastructure will then support the residential, commercial, industrial, retail, leisure and cultural development within the city. These developments costs though are excluded from the model.
How can the cities cost model be applied?
The tool is able to be used in a wide variety of examples and situations. Below are some examples of how the model can work in practice, but there are many other ways. Please get in touch with the team to find out more.
1. Development of new garden community towns and cities
The Government needs to understand the viability and extent of capital investment to develop one or more major new settlements with specific reference to infrastructure works.
The model enables a range of costs to be developed for a population of up to 2,000,000 and for the impact of different scenarios to be tested with varying densities (high, medium and low), ground conditions (brownfield or greenfield land) etc.
2. New capital city
A national government is considering the relocation of its current capital city to address challenges of overpopulation, rising sea levels, provision of infrastructure etc. The model enables a range of costs to be developed at the feasibility stage covering alternative locations for the new city. This is particularly important where climatic conditions vary within the country, and so at a click of a button, these climate conditions can easily be compared and show how they would impact the overall costs. The model will highlight the appropriate area required for the new city taking in to account a range of density options.
3. New settlement to support major industrial facilities
A multi-national organisation is considering the optimal location and capital investment required to develop a town or city which will house workers and those who will build and then run the facility after completion. The model enables the evaluation of the impact of a range of options, focussing on those items that have the greatest impact on the design and cost of the town or city.