Mexico City
CITY LEADER Miguel Ángel ManceraMexico City is one of the first two cities to receive support from the C40 Cities Finance Facility. This project has the potential to pave the way for other cities to shift their buses to low or zero emission technologies, particularly in Latin America. As cities tackle the increasingly serious issue of air pollution, Mexico City can lead the way in pioneering new, creative approaches at reducing air pollution and transport emissions.
Mexico City is one of the first two cities to receive support from the C40 Cities Finance Facility. This project has the potential to pave the way for other cities to shift their buses to low or zero emission technologies, particularly in Latin America. As cities tackle the increasingly serious issue of air pollution, Mexico City can lead the way in pioneering new, creative approaches at reducing air pollution and transport emissions.
- PROJECT SCALE 100+ electric buses 22km of bicycle lanes
- ESTIMATED PROJECT COSTS Phase 1: USD $115m Phase 2: USD $90m
- POPULATION 8.87 million (2014)
- TOTAL REPORTED GHG EMISSIONS 30.2 MT CO2e per year
- PROJECT OBJECTIVE Develop Mexico City’s first Zero Emissions Corridor
The C40 Cities Finance Facility is supporting Mexico City by developing the necessary feasibility studies for a new bus corridor project, which will include a fleet of electric buses and bicycle lanes alongside it. The new bus corridor on Eje 8 Sur will be 22km long and serve an estimated 160,000 daily trips, providing connections with five Metro lines and one Metrobus Bus Rapid Transit line. The buses will improve connections between low- and middle-income neighbourhoods and promote economic development across the area.
DAILY TRIPS ON CORRIDOR
GHG EMISSIONS REDUCTIONS (TONS PER YEAR)
The CFF’s support for the development of this mobility project aiming to reduce emissions will help us access international, green finance, similar to what the city is already doing with other projects. This project will lead the way for other sustainable projects which we will deliver to our citizens in the next few years.
The project aligns with Mexico City’s ‘Integrated Mobility Programme’ (Programa Integral de Movilidad) for 2013-18, which establishes the right to mobility for all residents, focusing on pedestrians, cyclists and public transport users and pioneering inclusive governance and resilience approaches. The Department of Mobility (Secretaría de Movilidad, SEMOVI) is leading the project’s planning and implementation, while the CFF is currently providing the following technical support:
- Dedicated technical advisor based within the city administration;
- Financing the mobility studies needed to make the project bankable;
- Exploring potential financing and funding structures for construction and operation of the bus corridor;
- Scoping available zero-emission bus technologies;
- Developing partnerships with multilateral banks to provide technical support.
The CFF aims to deliver a replicable and innovative model of how to finance clean buses in developing countries and emerging economies. Mexico City is one of 26 cities to have signed the Clean Bus Declaration: these cities have committed to purchase 45,000 clean buses by 2020.