Bilbao City Hall has been named the inaugural Lee Kuan Yew World City Prize Laureate in recognition of its integrated and holistic approach to urban transformation.

Jointly co-organised by the Urban Redevelopment Authority (URA), Singapore’s land-use planning and conservation authority, and the Centre for Liveable Cities, the biennial international Lee Kuan Yew World City Prize seeks to generate positive social, economic and environmental impact in cities around the world.

Both jury panels were particularly impressed with what Bilbao had achieved, through a chronological and systematic order of development over a period of 25 years that was both well-integrated and skilfully executed.

Member of the Nominating Committee for the Prize and CEO of URA, Cheong Koon Hean commented, “Bilbao City Hall’s strong leadership and commitment to a systematic and long-term plan has rejuvenated a post-industrial city and transformed it into a definitive cultural landmark in Spain and Europe. Bilbao is an exemplary city that continually re-invents and evolves itself amidst dynamic changes. Cities all over the world will be able to draw inspiration and learning points from its success.”

Mayor of Bilbao, Dr Iñaki Azkuna said, “For Bilbao City Hall to be named the first recipient of this important award is a great form of recognition for us. We are truly honoured and hope that Bilbao can provide inspiration for other cities – even as we explore other areas of opportunity and growth.”

The mayor will receive the award from Singapore’s first Prime Minister and present Minister Mentor Lee Kuan Yew at the Lee Kuan Yew Prize Award Ceremony and Banquet on 29 June 2010. The prize comprises of $300,000 cash, a gold medallion and an award certificate, fully sponsored by Keppel Corporation.