Monday, May 23, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

EU to invest in smart infrastructure in South Asia

ciudades-inteligentes

EU to invest in smart infrastructure in South Asia

Dhaka, Feb 10 (Prensa Latina) An 18 million euro funding from the European Union (EU) in smart and inclusive infrastructure investments will benefit six South Asian nations, it was known here today.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The initiative seeks to help stimulate investments in energy, water, waste management, transport, logistics and green buildings to benefit people and businesses in Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka.

Under the name Accelerating Inclusive and Climate Adaptive Infrastructure in South Asia, the EU will implement the project over five years (2021-2026).

The International Finance Corporation (IFC) plan is an economic relief for the region, as the impact of Covid-19 on such ventures was widespread and severe.

Infrastructure investment commitments with private participation in 2020 were reduced by 52 percent, compared to 2019 levels.

According to IFC regional director Hector Gomez, South Asian countries can unlock more than $3 billion in climate-smart investment opportunities.

Attracting private capital for such infrastructure in a sustainable and inclusive manner will be critical to the post-Covid-19 recovery, he said.

The program will also support the development of climate-smart programs in agriculture, manufacturing, tourism, health and education while focusing on key issues such as cities, gender and green finance.

It will also support capacity building for the private and government sectors to improve their ability to design, structure and implement such projects.

pgh/etc/gas/lp

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.