Consider the following infrastructure sectors:

1. Affordable housing
2. Mass rapid transport
3. Health care
4. Renewable energy

On how many of the above does UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focus for its investments?

(a) Only one

(b) Only two 

(c) Only three

(d) All four

The correct answer is (d), all four.

Explanation:

UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on all four infrastructure sectors: affordable housing, mass rapid transport, health care, and renewable energy.

The S3i initiative was launched in 2018 to address the infrastructure gap in developing countries. The initiative aims to mobilize private sector investment in infrastructure projects that are sustainable and have a positive impact on the environment and society.

The S3i initiative has invested in a number of projects in developing countries, including:

  • A $100 million investment in a renewable energy project in India
  • A $50 million investment in a affordable housing project in Africa
  • A $25 million investment in a mass rapid transport project in Asia
  • A $10 million investment in a health care project in Latin America

The S3i initiative is a unique and innovative approach to infrastructure investment. It is the first initiative of its kind to focus on sustainable and impact-oriented infrastructure projects. The initiative has the potential to make a significant contribution to the development of developing countries.

However, it is important to note that the S3i initiative has been phased out by UNOPS in February 2023 following a series of management failures.

Inputs from Current Affairs Notes & Internet

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