SMI, Europe's NUCA program target bankable resilience projects
The state-owned infrastructure financier, as part of its partnership with NUCA, is funding water, wastewater and other projects to help regions adapt to a changing climate through built-in resilience.
The state-owned infrastructure financier, PT Sarana Multi Infrastruktur (SMI), is collaborating with the National Development Banks Urban Climate Program (NUCA) to fund climate-resilient projects across Europe. SMI president director Reynaldi Hermansjah highlighted the growing inclusion of climate considerations in infrastructure development, citing a recent Maluku project that addresses coastal erosion.
The NUCA program supports water, wastewater, and climate-resilient projects, with assessments of water sources, quality, and wastewater infrastructure to promote water recycling and reduce groundwater dependence. SMI also encourages local administrations to incorporate climate adaptation measures in road financing, aiming to minimize water-related deterioration.
The biggest challenge, however, lies not in funding access but in the project preparation phase, ensuring that projects meet financing eligibility criteria.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
