CISCO Establishes “City Infrastructure Financing Acceleration Program”

FINANCING FOR SMART CITIES AND URBAN SERVICES

Cisco Systems, Inc. has established the City Infrastructure Financing Acceleration Program (CIFAP) that offers $1 billion in debt and equity capital to cities and operators of urban services for financing innovative smart city technology. They provide CIFAP through Cisco Capital and its financing partners: private equity firm Digital Alpha Advisors, APG Asset Management, and Whitehelm Capital.