Ustda Grant Agreement

Ustda Grant Agreement

Developed jointly by the American technology company Cisco and PLDT, the courses offered as part of the training grant will be used to support PLDT`s transformation and digitization initiatives. MANILA, Philippines – PLDT Inc. has signed a $1 million grant agreement with USTDA to accelerate the transformation of their digital transportation network through a new training program. The USTDA grant will support the installation of a software analysis platform for artificial intelligence to assess road traffic in Istanbul, optimize public transport, manage traffic incidents and adapt to changing models. For foreign project sponsors who do not have a U.S. company as a preferred partner or supplier, USTDA will facilitate a competitive process in which U.S. companies will submit proposals to you directly. UsTDA can also provide support that helps foreign developers prioritize infrastructure so they can benefit from USTDA funding. As a USTDA fellow, you must select an American company to carry out your project preparation work. however, there is no other obligation to purchase U.S. goods or services once a USTDA activity is complete. “The grant will support the modernization and transformation of the thinking of the urban transportation system.

USTDA`s support is funding a pilot project to improve congestion and optimize public transport in Turkey`s largest city,” the agency said in a statement. The agreement was signed on 22 September in Istanbul at a ceremony attended by Istanbul Mayor Erkem and US Ambassador to Turkey David M. Satterfield. Castalia applied to the U.S. Trade and Development Agency for a $1.1 million grant for the development of the project, which the USTDA approved and awarded to pGE. We have established a team of engineering and law experts to advise on the technical, financial and commercial aspects of the project, and as financial advisor for the project, Castalia will mobilize $80 million for the construction of the plant. Istanbul Mayor Ekrem Imamo-lu and U.S. Ambassador David Satterfield have signed a $5 million grant agreement between the metropolitan city of Istanbul (IMM) and the U.S. Trade and Development Agency (USTDA). The grant will minimize congestion in Istanbul by optimising public transport infrastructure. “I believe that USTDA`s data analytics platform will make a significant contribution to Istanbul`s digital transformation.

This valuable cooperation will benefit all Stambouliotes and our good relations will only be strengthened in the future,” said Mayor Ekrem Imamolu.