CTCN in Ethiopia: Financing strategy for Addis Ababa Light Rail Transit

CTCN

News facts

Objective
Mitigation
Source organisation
Climate Technology Centre and Network
Sectors
Infrastructure and Urban planning
Cross-sectoral enabler
Economics and financial decision-making
Publication date

Adis Abbaba does not have proper public transport to cope with the existing demand. The associated rise in emissions is already apparent and will become more critical as the number of vehicles using the road network increase. Ethiopia plans to implement Transit Oriented Development (TOD) to facilitate sustainable urban development through low carbon transportation. TOD areas are designated in a pedestrian-oriented manner and bring together housing, transportation and jobs. The absence of a suitable financing strategy that enables public and private investment however hampers further development and implementation.

The UN Climate Technology Centre and Network (CTCN) assisted Ethiopia with a detailed assessment of public infrastructure needs, as well as the assessment of barriers to private investment, and formulation of financing structure and instruments.

It is expected that this project will enhance the technical capability to develop an effective funding strategy for the realization of pilot TOD investment in Ethiopia, successful  investments will result in considerable direct and indirect emission reductions, and investments in public infrastructure such as sewage systems and road drainage will increase climate resilience of urban areas.

For more information, please read here.


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