By  the A.M. Costa Rica staff

Small companies and organized groups developing green projects in the Greater Metropolitan Area, called GAM by its acronym in Spanish, can compete for funds, either non-refundable or lines of credit, announced the Ministry of Environment on Wednesday

GAM includes the Province of San José, Alajuela, Heredia and Cartago.

The Green City Fund arises from an alliance between the Ministry of the Environment, the System of Conservation Areas, the Foundation for Sustainable Development and the German Development Cooperation Foundation (GIZ).

"The people who live in the city depend on urban ecosystems and the benefits it gives us to live, hence the importance of this fund that promotes productivity and economic reactivation hand in hand with the conservation of natural resources," said Maike Potthast, director of the Biodiver-City, a cooperation project between Costa Rica and Germany.

The goal is to support the financing of nature conservation projects through solutions for issues like climate change, food security, or disaster risk in urban spaces, said the ministry in its statement.

Reforestation, rehabilitation of green spaces, urban tourism, construction based on green architecture and urban agriculture are some of the projects that could obtain the funds.

Some of the requirements for companies or organizations interested in the contest are:

- Be duly registered in the Public Registry.

- Have the technical capacity to fulfill the project that is being entered.

- The project must be designed to benefit the Cantons of San José center, Tibás, Curridabat, La Unión, Goicoechea, Alajuelita and Montes de Oca.

The Green City Fund has two modalities of access to financing: a non-reimbursable modality and a credit leader. For both, there is a total of up to $390,000 in funds, a figure that could be expanded later to continue benefiting more contesters, the ministry said.

Those interested in accessing non-reimbursable funds should send their proposals before Monday, June 22, by email at ciudadverde@fundecooperacion.org.

More information on the guidelines for participating by the funds can be accessed on the Funde-Cooperacion website.





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