KATHMANDU, APRIL 28
The right blend of public and private sector support, along with long-term transport strategies and anchor institutions such as schools and hospitals, are some of the basic ingredients needed for a successful new city.
The United Nations estimates that 60% of the world's population will live in cities by 2030. People tend to flock to long established cities which causes overpopulation in megacities. Today, one in five people worldwide lives in a city with more than 1 million inhabitants and this is growing.
One solution to the overpopulation in megacities is to plan and develop new cities. Since 2000, more than 40 countries have built more than 200 new cities.
Strategically located, purpose-built cities are intended to become tomorrow's trade, finance, logistics, technology, or commercial centers, focusing on long-term economic growth that could challenge existing global networks.
Some examples of new city developments include Xiong'an New Area in China, designed to become a hub for research, education, and high technology research and development.
A version of this article appears in the print on April 29, 2021, of The Himalayan Times.