Friday, November 22, 2024

CDRI launches $8 million funding initiative for disaster resilient infrastructure in small island developing states – ET Infra

Must read

MUMBAI: At the UN 4th International Conference on SIDS in Antigua and Barbuda, the Coalition for Disaster Resilient Infrastructure (CDRI), located in New Delhi, published a Call for Proposals for funding to improve infrastructure resilience in Small Island Developing States (SIDS).

The financing appeal, totaling $8 million, was revealed during the SIDS4 Conference in Antigua and Barbuda as a component of CDRI’s Infrastructure for Resilient Island States Programme (IRIS).

Amit Prothi, Director General, CDRI, said, “This funding will support SIDS with knowledge products, tools and partnerships needed to achieve climate and disaster resilient infrastructure, enabling resilient economies and a secure future for the Small Islands. I am also pleased to share that IRIS has won the 2024 UN SIDS Partnership Award in recognition of contributions to the sustainable development of SIDS through innovative and impactful partnerships”.

According to a release, the projects will concentrate on the transportation, power, telecommunications, water, health, and education sectors. Policies and regulatory frameworks will be addressed, along with project preparation, resource mobilization, project management and implementation capacities, and data system strengthening.

The Call, which is open to all 57 SIDS, will provide funding for initiatives that will give SIDS the technical assistance and information products they need to promote disaster-resilient infrastructure and release wildlife, the release further added.

The Coalition for Disaster Resilient Infrastructure (CDRI), which was introduced by Prime Minister Narendra Modi at the UN Climate Action Summit in 2019, is a collaboration between national governments, UN agencies and programs, multilateral development banks and financing mechanisms, the private sector, and academia. Its goal is to increase the resilience of both new and old infrastructure systems to risks associated with climate change and disasters.

  • Published On May 29, 2024 at 06:24 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.

Latest article