![Porto Alegre mass transport system receives funds Porto Alegre mass transport system receives funds](/media/3544/caf07fachada.jpg)
Porto Alegre mass transport system receives funds
"These funds - said CAF President García - will be used to provide technical and financial support for the Municipal Prefecture to structure and implement this transport system as part of the actions to prepare the infrastructure required for holding the 2014 World Cup games."
García added, "the Corporation is constantly looking for ways to contribute to the social development its shareholder countries. One way is to support the modernization of cities by providing efficient urban transport systems which improve the quality of life of citizens and increase the competitiveness of cities."
For over a decade, CAF has been accompanying the development and financing of public transport systems in various cities of the region.
About 30 projects of this type have now been developed, examples include the financing granted to Caracas (metro and urban train system), Bogota (Transmilenio), Guayaquil (road system), Lima (Electric Train), and Panama City (metro).
The BRT projects are acquiring increasing relevance in the cities of the world, especially in Latin America; for this reason CAF supports their formulation and implementation in the region's main metropolises.
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