Wahyu Dwi Anggoro
IDXChannel - Indonesia and Germany have expanded their cooperation to enhance Indonesia’s public transportation and to develop its market ecosystem for sustainable finance.
Germany is contributing EUR250 million as a subsidized loan and an additional EUR5 million as a grant to support the development of an environment- and climate-friendly Bus Rapid Transit (BRT) system in Surabaya.
This project aims to reduce individual traffic, increase public transport usage, and lower traffic related greenhouse gas emissions. The German development bank KfW will provide th financing and technical expertise throughout the project.
The project contributes to the Green Infrastructure Initiative (GII), a strategic partnership between Indonesia and Germany promoting environmentally friendly urban infrastructure.
"This collaboration reflects a shared commitment to a more sustainable future, demonstrating the potential of international cooperation in protecting global goods. Indonesia and Germany are working together to drive positive change and contribute to a more sustainable world," the German Embassy said in a media release on Thursday (11/1/2023).
