Under a memorandum of understanding signed last week by Warsaw Mayor Rafał Trzaskowski and EBRD Regional Director Grzegorz Zieliński, “both parties will endeavour to cooperate in identifying investment project opportunities in green infrastructure development priority areas.”
The EUR 1.5 billion EBRD Green Cities network is a fast growing programme that now has 43 participating cities, according to the ebrd.com website.
It aims to help "each member city tailor solutions to its environmental needs with a unique combination of measures designed to move towards a lower-carbon and more liveable future."
Warsaw aims to reduce air pollution and develop “a greener future” by investing in its public transit system and working on a comprehensive strategy to improve its environmental performance, the EBRD said.
The European Bank for Reconstruction and Development is an international financial institution that supports projects in more than 30 countries. The bank is owned by 69 countries from five continents, as well as the European Union and the European Investment Bank (EIB).
It was set up in 1991 to invest in the former communist countries of Eastern Europe to help them make the transition to a free-market economy.
(gs/pk)
Source: ebrd.com