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World Bank to lend 800 million U.S. dollars to Mexico to assist in the transformation of public transport to reduce emissions, and various other programs, said World Bank president Robert Zoellick in Mexico on Wednesday. The loan includes 450 million U.S. dollars for social programs, water and infrastructure, said the Minister of Finance of Mexico Ernesto Cordero during a joint press conference in Mexico City, as quoted from the AFP.

Meanwhile, another 350 million U.S. dollars was including 200 million U.S. dollars from the Clean Technology Fund (Clean Technology Fund), a climate investment funds. Will support the modernization of public transportation throughout Mexico in order to reduce emissions and also improve service, said Cordero. Read the rest of this entry »