PwC uses spatial data analysis to create development masterplan for the City of Tbilisi

PwC uses spatial data analysis to create development masterplan for the City of Tbilisi

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Chamber Member News Post Date: 02/17/17 Source: SAT Press Releases By: SAT Press Releases
Summary

The consulting company PwC has prepared a detailed development masterplan for the Tbilisi Sea area of the Georgian capital city of Tbilisi. The project used spatial data analysis to determine the selection and location of investments in developing tourist, hospitality and retail facilities alongside the city’s main water reservoir. This geodata-driven urban design project is a unique one internationally and the first of its kind in Central and Eastern Europe. During the course of the project, PwC analysts combined hundreds of data layers such as demographic information, current city infrastructure and real estate value distribution to determine the optimal location of developments. The many data layers used during analysis were then combined into a three-dimensional visualization of the area.

Geodata-driven urban planning allowed PwC to present city and national government officials with a comprehensive masterplan that takes into account all the key factors affecting the future success of investments in development. The masterplan involves construction of dozens of initiatives with different functions and minimum interference in the natural environment. At the same time, the initiatives are planned with a view to ensuring a reasonable rate of return to both local and international investors. The type of initiatives envisioned by the plan include recreation and sports facilities, sales and services outlets, as well as several kinds of entertainment attractions.

“In its aim to make Tbilisi ‘the best of what the city can be’, the Government of Georgia has been considering the development of under-utilized land plots in the city. The Government selected the Tbilisi Sea area for development as it is a major land plot with the potential to develop along socio-cultural, traditional, and environmental lines for the benefit of the local area and the city at large.

PwC Georgia became actively involved in suggesting a vision for this project starting in August 2015, and carefully approached the opportunity not only from the commercial perspective, but in full recognition of the significance of this task for a citizen of our ancient city. Knowing that this multifaceted conceptual plan had to be developed in a coherent way, we at PwC Georgia teamed up with our data analytics colleagues at PwC Poland to combine local knowledge with technological best practice. The resulting project has huge potential for increasing the economic growth of the city and the well-being of its citizens,” said Tamta Shermadini, Advisory Senior Manager at PwC Georgia.
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