Salvador City Hall launches Cities Financial Facilitation Program with UK support

Salvador City Hall This week saw the launch of the “Cities Financial Facilitation” project, made possible by a cooperation agreement with the C40 Fund and UK support.

A residential neighborhood in the Nova Brasilia neighborhood of 8,500 residents will benefit from the Pyro Novo project on March 1 and 2. According to the city hall of the capital Bahia, the initiative will contribute R$1 million to the implementation of a project aimed at solving historical problems in the region where more than 2 thousand families live with the risk of flooding. Constant possibility of landslides and landslides. Real Estate.

The Bairro Novo project in Vila Mar is based on a diagnosis carried out by the Department of Civil Defence, which includes mapping risk areas and identifying needs, specifying geotechnical solutions to be used and opening various options to the municipality. Partnerships. The project will be closely monitored by a lead consultant appointed by GIZ, the German government’s cooperation agency.

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The international collaboration with the C40 Financial Fund will allow the city of Salvador to work together to increase the resilience and adaptation to climate change of the two low-income settlements.

oh Cities Financial Facility (CFF) supports cities in developing countries in raising funds for climate mitigation and adaptation projects.

The works are part of the support the city receives from C40 and GIZ, a network of major cities committed to tackling climate change. CFF provides support to design a management plan and raise funds to sustain the community’s reality and quality of life.

Of the 97 cities in the C40, more than 60 projects were submitted, with five cities in Latin America being considered. El Salvador is the only city in the world to have three pre-selected projects. In addition to the PAE project, the municipality offered an electric mobility project through Semob and the Parque Solar de Canabrava project through Secis.

* Information from Salvador City Hall