British International Investment

The Urban Resilience Fund B – International Municipal Investment Fund SCSp

AfricaWestern Asia

The Urban Resilience Fund (TURF) is Meridiam’s third Africa-focused infrastructure fund. TURF aims to deliver high-impact urban resilience projects in selected African cities, targeting a minimum of 85 per cent climate finance at the fund level. The fund will aim to invest in urban mobility (e.g. bus rapid transit and cable cars), energy transition (e.g. microgrids management), built community environment (e.g. flood and heat protection, smart city solutions, smart street lighting and electric vehicle charging), and circular economy and waste management (e.g. water treatment and landfill management).

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20.81m December 2022 Active

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