The municipality of the northwestern Moroccan city of Chefchaouen, the United Nations Capital Development Fund (UNCDF), and the United Nations Center for Subnational Finance signed a ceremonial agreement to finance a green lighting project for the city.
Signed at the United Cities and Local Government Congress in Daejeon Korea on October 11, the project aims to modernize Chefchaouen’s public lighting network by switching to low-energy LED lamps and other energy-saving equipment.
The project will not cost the municipality of Chefchaouen anything; reported ESI news saying that the innovative project will use the reimbursements from the savings of the municipality on public lighting.
Chefchaoun’s mayor, Mohammed Sefiani, said that the initiative is unique in its kind.
“We always say that it is necessary to facilitate access to international finance, this initiative is a great example of this and must be scaled up in many Moroccan cities,” said the mayor.
UNCDF has developed a global financing mechanism under the SDG Cities program, a global initiative that targets initial 900 cities around the world from 2020 to 2030 with the possibility to impact over 1 billion people, with a focus on Least Developing, Low- and Middle-Income countries, in line with the significant global demand for this initiative.
The financing mechanism is supported by the International Municipal Investment Fund Technical Assistance Facility (IMIF TAF) and was established to increase the capacity of local governments to address key urbanization challenges through access to sustainable sources of capital finance.
As a long-term result of this partnership, the project will extend on a regional and national level to bring modern solutions for public lighting in secondary cities.
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