Financiers now see value in supporting cities, says C40

Nine cities have been chosen by the C40 Cities Finance Facility to receive advice and support over the next two years to get infrastructure projects finance-ready.

The projects range from installing public bike-share programmes in Bogotá, Cali, Bucaramanaga and Montería in Colombia, to electrifying a BRT corridor in Quito, and building a 17-kilometre ‘bicycle spine’ in Tshwane.

A total of 110 cities applied after a call was issued by Anne Hidalgo, Mayor of Paris and Chair of C40.

“Cities have told us–and a lot of evidence shows us–that finance is one of the big barriers to these major projects,” James Alexander, Programme Director, City Finance, C40 told Cities Today. “Mayors are sh...