MAKEOVER OF MU­NIC­I­PAL­I­TIES

HT Estates - - HTESTATES -

A spe­cial pur­pose ve­hi­cle or SPV will be able to raise large amounts of debt, en­ter into joint ven­ture ar­range­ments, lease, pur­chase or sell as­sets – most of which, for mu­nic­i­pal­i­ties – need sep­a­rate sanc­tion from the state gov­ern­ment SPVs will also able to en­gage with cit­i­zens in ways and means that mu­nic­i­pal bod­ies are not or­di­nar­ily able to – par­tic­u­larly us­ing so­cial me­dia. Un­like mu­nic­i­pal bod­ies, SPVs are much more busi­ness ori­ented and have staffing that is com­men­su­rate with their func­tion

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