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IDB to support feasibility studies on improving urban centers in Mexican cities

A $1.5 million grant from the Japanese Trust Fund will help finance feasibility studies for improving urban planning and revitalizing the historical centers in seven Mexican cities, the Inter-American Development Bank announced today.

Monterrey, Colima, Chihuahua, Cuernavaca, Guadalajara, Oaxaca and Pachuca have expressed interest in participating in the project, which will provide resources to hire highly qualified Japanese and Mexican consultants to prepare such studies in close collaboration with city officials, civil society groups and non governmental organizations.

The Japanese grant will finance diagnoses of existing urban conditions, forecasts of future housing, public services and infrastructure needs, and the preparation of proposals for master development plans for the participating cities. Training for professionals in the field of urban and metropolitan studies will also be supported.

Once the feasibility studies are completed, cities may choose to finance projects stemming from those plans using resources from FORTEM state and municipalities strengthening program, which the IDB has supported with $500 million in loans to date.

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