SunStar
Neda greenlights extension of Cebu BRT project loans. (File photo)
+ May 19, 2021 THE National Economic and Development Authority (Neda) Investment Coordination Committee has approved the two-year extension of the foreign loans for the Cebu Bus Rapid Transit (BRT) project that the Department of Transportation (DOTr) has asked for.
This was confirmed by Norvin Imbong, officer in charge project manager for Cebu BRT, in a phone interview on Wednesday,
May 19, 2021.
Imbong said they were informed by their counterparts in Manila that the loan from the French government, through the Agence Francaise de Développement (AFD), closed in March this year, has been extended until March 2023, while the loan from the World Bank (WB) set to close this June 2021 has been extended until June 2023.
‘Green bonds, a sustainable capital option for climate change projects’
May 11, 2021
Need focus on national investment strategy towards low carbon push, says Deepto Roy
Green bonds have the potential to provide sustainable capital for climate change projects such as electric vehicles, mass rapid transport systems, water and irrigation management and renewable energy.
“While India has seen sustained investment in renewable energy over the last 8-10 years, which has resulted in accelerated growth for the sector, significant investments are still required. And the Indian economy requires massive long term, cost-effective financing for other green sectors, where green bonds could provide the much needed support,” according to Deepto Roy, Partner Project & Project Finance, Shardul Amarchand Mangaldas & Co.
Date Time
World Bank Supports Serbia’s Move Toward Greener, More Resilient, and Inclusive Growth
Serbia is making strides toward accelerating economic growth that is more green, resilient, and inclusive, by implementing a series of legal and policy reforms designed to create a public sector that is more efficient and transparent, as well as better able to enhance the economy’s resilience to natural hazards and climate change. The Public Sector Efficiency and Green Recovery Development Policy Loan, approved today by the World Bank Board of Directors, will provide €82.6 million to solidify this reform agenda and quicken Serbia’s recovery from the COVID-19 pandemic.
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