Home >News >India >Germany to spend 1 billion euro over 5 yrs for green mobility projects in India

NEW DELHI: German Chancellor Angela Merkel on Saturday said her country will spend 1 billion euros ($1.12 billion) on green urban mobility projects conceived under the new German-Indian partnership.

This will be over a five-year period, Merkel said at an event with Indian business leaders in New Delhi.

The funds will be used to finance several environment friendly projects such as the introduction of electric buses to replace the ones running on diesel for public transport in urban centres, she said.

Green mobility solutions emerged as a major talking point for India-Germany cooperation during Merkel’s current visit, particularly in the backdrop of authorities in New Delhi declaring a health emergency due to a toxic haze enveloping the capital. New Delhi has declared a four-day holiday till Tuesday for schools in view of the high pollution levels because of burning of crop stubble and other factors.

A joint statement issued by India and Germany after talks between Merkel and Prime Minister Narendra Modi on Friday said “Both sides concurred that providing low-carbon and sustainable mobility solutions that serve the needs of all citizens is a key challenge of our time for both, emerging and industrialized economies."

“Both sides agreed to foster cooperation on low-carbon mobility solutions and welcomed the signing of the new Joint Declaration of Intent on the Indo-German Partnership on Green Urban Mobility wherein the German side expressed its readiness to provide additional concessional finance of Euros 1 billion to support improvements of green urban mobility infrastructure and services and strengthen capacities of national, state and local institutions to design and implement sustainable, inclusive and smart mobility solutions in Indian cities. In addition, both leaders welcomed that e-Mobility is being envisaged an important area of collaboration, including under the already well established Joint Working Group on Automotive," it added.

Merkel who arrived in New Delhi on Thursday will conclude her visit later on Saturday.

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