Swedfund and Team Sweden partners announced a 3 million Swedish krona or over P16 million grant to support the EDSA Bus Rapid Transit (BRT) project, reinforcing Sweden’s commitment to sustainable development and economic growth in the Philippines.

Swedish officials for international development cooperation and trade, representatives from Business Sweden, Swedfund and the Department of Transportation (DoTr) signed the grant agreement, signifying the continued partnership in transportation.

Swedish State Secretary for International Development Cooperation and Foreign Trade Diana Janse visited Manila for the event and rode a Volvo bus along the EDSA Busway from Ayala, Makati, to Ortigas, Pasig, to observe the BRT system.

“Sweden is committed to supporting the Philippines’ sustainable development goals. Efficient public transportation has a major impact on urban development and economic growth,” Janse said.

“We are pleased to have continued collaborations with DoTr on the EDSA BRT. With this project, our goal is to help create efficient and inclusive transportation solutions that create benefits for both people and planet,” said Anna Älgevik, acting director for Project Accelerator at Swedfund.

Swedfund, Sweden’s development finance institution, first partnered with DoTr in 2018 and previously provided grants of about 10 million krona.

“Building on the strong foundation established during the initial phase, this extension represents our collective commitment to continuously improving our public transport system. It is a partnership that unites expertise from Sweden with the dedication of local agencies and organizations — a synergy vital for addressing current challenges and future demands,” said DoTr Undersecretary for Road Transport and Infrastructure Jesus Fernando “Andy” Ortega.