Transit-Oriented Development NAMA in Colombia
Working on the ground with Colombia
CCAP worked on the ground with leading Colombian stakeholders to develop a proposal for a Transit-Oriented Development NAMA in order to implement and finance transit-centered neighborhoods. By changing long-term land use patterns using the proven GHG-reduction “technology” of the TOD neighborhood (high-quality pedestrian amenities, frequent public transit service, and mixed-use development), the TOD NAMA will cut growth in driving by 25 percent, ensuring greenhouse gas emissions reductions for decades to come. The TOD NAMA capitalizes on Colombia’s new public-private partnership legislation, and provides additional incentives to develop vibrant transit neighborhoods that will:
- Enhance economic prosperity
- Save Colombians time and money on travel
- Reduce government infrastructure costs
- Increase returns for real estate and retail
- Improve the financial sustainability of transit operators
CCAP began the effort by initiating a knowledge exchange surrounding best practices for sustainable urban development. CCAP hosted Colombian officials as part of a study tour that targeted areas of transit oriented development such as NoMa, the Rosslyn-Ballston Corridor and White Flint. CCAP worked closely with Findeter, the national ministries of transportation, environment, housing, and planning, as well as local governments and real estate developers to develop a NAMA concept with significant potential to implement and finance catalytic transit neighborhoods.
The TOD NAMA concept drew an enthusiastic response at CCAP’s Global NAMA Financing Summit in Copenhagen in May 2013.
- Presentation: Transit-Oriented Development NAMA Video Presentation
- NAMA Executive Summary: Transit-Oriented Development (TOD) NAMA
In December 2013 the TOD NAMA was pre-selected by the NAMA Facility during the first round of proposals and began an extensive appraisal process. This included further development of the structure and organization of the NAMA.
The core of the NAMA is an independent Center for the Promotion of Transit-Oriented Development, housed within Findeter, which will offer technical and financial assistance on TOD implementation, starting with 3-5 pilot projects based on locally-articulated needs. Upon final approval, the NAMA Facility will provide CIUDAT with €14.7M in funding over three years, €3m delivered by CCAP for Technical assistance and €11.7m delivered by KfW (German development bank) for financial assistance.
CIUDAT is governed by a Board consisting of senior officials from Findeter, Ministry of Transportation, Min. Housing, Min Environment, National Planning Dept and CCAP. CIUDAT will also serve a policy advisory role to integrate national policies to promote TOD and advance national policy goals on urban transportation, housing, environment, economic development and social equity. Findeter has hired an interim CIUDAT director and the CIUDAT technical advisory committee (made up of Board member organization staff) meets regularly on program design and planning issues. They also consult with municipalities who are considering financing TOD proposals. Agence Française de Développement (AFD) recently provided €350,000 to Findeter for CIUDAT studies on land value capture mechanism and is considering additional funding for planning in Cali based on the NAMA concepts.
Funding for the project began in August 2016.