We are proud to be part of the FAST-Infra initiative, and for SOURCE, the Multilateral Platform for Sustainable Infrastructure, to be at the heart of the FAST-Infra Platform.
FAST-Infra — the ‘Finance to Accelerate the Sustainable Transition-Infrastructure’ initiative — aims to close the trillion-dollar sustainable infrastructure investment gap by transforming sustainable infrastructure.
FAST-Infra Platform is a key component of the FAST-Infra initiative. It will be developed as an infrastructure data platform with centralized tools, attached to a project finance loan exchange / marketplace. The integration of SOURCE at the onset of the FAST-Infra tech-enabled platform, will ensure a level playing field across all stakeholders by empowering public project sponsors to delivering well-prepared projects and establishing a common language.
In parallel, FAST-Infra is developing a new certification for infrastructure projects – the Sustainable Infrastructure (SI) Label – providing a market signal that labelled projects meet clear sustainability standards.
Over the last month, SIF trained and supported five government agencies from Brazil, Ecuador, Mexico, South Africa and Uzbekistan to evaluate infrastructure projects against a preliminary version of the FAST-Infra Label into the SOURCE platform. A total of 11 projects were created and evaluated on SOURCE, leading to the publication of close to USD 8 billion worth of investment.
Ecuador – CELEC: