KfW provides Euro 1.0B for environmentally-friendly public transport

On behalf of the German Federal Government, KfW is providing around one billion euros for promoting environmentally-friendly public transport in 2017. The money will be used to finance trams, rapid transit systems and ferries, among other things.
In his presentation during the Habitat III or the United Nations Conference on Housing and Sustainable Urban Development, Tanja Rödiger-Vorwerk, Deputy Director General at the German Federal Ministry for Economic Cooperation and Development (BMZ), gave a presentation on a German contribution to the implementation of the new urban agenda: a “Transformative Urban Mobility Initiative” (TUMI), the main aim of which is to promote sustainable public transport in the growing cities of developing countries and emerging economies.

KfW’s planned commitments for 2017 are to provide improved transportation services for more than 250,000 people and reduce CO2 emissions by the equivalent of up to 2.5 million tons. KfW also expects the initiative to reduce the number of road traffic accidents and levels of particulate pollution.
KfW has already noticeably increased its activities in the field of sustainable urban development. More than half of KfW’s promotional funds already go to urban projects, for example inclusive housing construction projects and energy-efficient buildings, public transport, urban adaptation to climate change or the provision of a water supply, waste water disposal, waste disposal or power grids. Given the significant investments that will be required by cities during the next few years (due in particular to demographic trends), KfW will continue to increase its activities in this respect, including as part of the TUMI.