Colombia Transit Oriented Development NAMA Selected for Funding
Today at the UNFCCC 19th Conference of Parties (COP) in Warsaw, the joint Germany-UK NAMA Facility announced the funding of the world’s first Transit-Oriented Development (TOD) NAMA in Colombia. CCAP will partner with Colombian Development bank FINDETER to deliver $20 million (USD) in technical and financial resources to catalyze the building of TOD neighborhoods in five cities across the South American nation. This multi-sector NAMA was developed through CCAP’s Mitigation Action Implementation Network (MAIN) project over the past two years in close coordination with FINDETER, the national Ministries of Transport, Environment, Housing and Planning, local officials, private developers, university researchers and local NGOs.
The TOD NAMA will transform urban development in Colombia, shifting how and where public and private investments are made to increase the environmental, economic and social return on Colombia’s continuing investments in mass transit and social housing ($9 billion over the past