Analysis of the efficiency and effectiveness of financial instruments-economic Rehabilitation and Renovation (Case Study: District 20 of Tehran)

Document Type : Research Article

Authors

1 PhD Student in Urban Planning, Department of Geography, Faculty of Humanities, Islamic Azad University, Shahre rey Branch, Tehran, Iran.

2 Professor of Urban Planning, Islamic Azad University, Science and Research Branch, Tehran, Iran. Rahim Server Farzaneh Salami Bakhtiar Ezzatpanah Recreating the quality

Abstract

Extended Abstract 
Introduction
Due to the huge capacity of worn-out structures in the cities of the country, revitalization and reconstruction of these structures can be the key to solving the housing problem and other urban problems. In addition to providing the land needed for housing production in metropolises, worn-out structures can also solve a large part of the cultural and social problems of metropolises by rehabilitating them (Sarvar et al., 1400, 84). Financing worn-out renovation projects for reasons such as serious investment risks and very low investment attractiveness is usually not possible or is done slowly with conventional methods. By identifying and refining the methods and tools of project financing, ‌ it is possible for decision makers in the field of financing to be able to have an optimal combination of different participants in financing resources by holding the capacities of the country's financial market. Achieve their finances.
Methodology
For this purpose, the first issue that can be discussed according to the procedure is how to provide financial resources. In this research, first, the most important financing methods for the improvement and renovation of worn-out urban structures and the main effective criteria for selecting the appropriate financing method have been obtained through library and field studies. Then, through a questionnaire and based on AHP hierarchical analysis method, the relative weights of the selected effective criteria and the relative weights of the selected financing methods for each of the criteria were measured and finally, the ranking of financing methods used in the present study, Was obtained.
 
Results and Discussion
Based on the ranking based on hierarchical analysis, the most important criteria for relevant experts and investors are the criteria of higher rate of return, more participation in the private sector and the provision of more funds with relative weights of 0.278, 0.263 and 0.231. have been.
Conclusion
Among the mentioned financing methods, the research results of two methods of participation bonds and private sector investment with final weights are recommended as 0.325 and 0.237, respectively, and the three methods of project shareholder, metric sale and obtaining facilities from the final weights bank Have earned the next.

Keywords

Main Subjects


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