The Mexico City Insurgentes Bus Rapid Transit System Carbon Finance Project will contribute to reductions in local airborne pollutants and greenhouse gas emissions generated by the transport sector in the Metropolitan Area of Mexico City. This will be sought through the development of the first surface mass transport corridor in Mexico City (Insurgentes Avenue) and associated traffic management measures. The project is also intended to develop and demonstrate the catalytic use of Clean Development Mechanism to foster technology, regulatory and institutional changes in the public transport sector. It will also develop and implement tools required to measure and monitor greenhouse gas emission reductions from the transport sector. There are two project components. Component 1 develops a mass transport corridor on Insurgentes Avenue, including the development of traffic management measures and of a professional management structure. The mass transport corridor of Insurgentes will be supported through the purchase of resulting greenhouse gas emission reductions. The corridor includes: a) Exclusive bus lanes; b) Elevated bus stations for high platform vehicles; c) Pedestrian facilities leading to the bus stations of the transport corridor; d) Concessions of the services on the corridor to a restructured company using large and low-polluting buses; and e) Promotion of low pollution passenger transport vehicles and scrapping programs for old vehicles on Insurgentes. Component 2 consists of monitoring and planning transport corridors and linkage to bikeways. CDM (Clean Development Mechanism) revenues will be used to finance the monitoring of performance of the corridors, measuring impacts on local criteria pollutants and other performance indicators and providing resources for planning of future replication of the program. These activities assume great importance given the pi