Consultancy support to the C40 Cities Finance Facility

Sustainable financing of urban climate-change investments to be enabled
Tuesday, March 21, 2017

GOPA Infra was awarded the contract for consultancy support to the C40 Cities Finance Facility (CFF). C40 is a network of the world’s mega-cities, committed to addressing climate change. C40 therefore provides support to cities for collaborating effectively, sharing knowledge and driving meaningful, measurable and sustainable action on climate change. In 2015, the C40 Cities Finance Facility was presented jointly by the German Federal Ministry for Economic Cooperation and Development, the C40 Cities Climate Leadership Group (C40), and the Inter-American Development Bank. The aim of the CFF is to assist C40 cities in developing and emerging countries, in the design and implementation of projects that will help tackle climate-change issues.

The cities of Bogota and Mexico City are being given support by the CFF as part of a pilot phase. GOPA Infra is acting as the consultant for technical assistance, to enable sustainable financing of urban climate-change investments in the two pilot projects. In Mexico City, for example, the CFF will foster the implementation of a 22-km-long bus lane which includes 80 new electric buses to serve an average of 430,000 passengers per day.