Holcim Foundation will organise Holcim Awards, a unique and prestigious competition for Sustainable Construction. The competition celebrates designs of innovative, future-oriented and tangible sustainable construction projects and visions from around the globe and provides prize money of $2 million per three-year competition cycle. The competition is organised on regional and global levels with two categories within the competition. The award begins with a regional competition in each of the five world regions: Europe, North America, Latin America, Africa, Middle East and Asia Pacific. Independent juries supported by the Holcim Foundation's partner universities evaluate submissions on the basis of the "target issues" for sustainable construction. The projects that receive Holcim Awards Gold, Silver or Bronze in these five regions are then qualified for the competition for the Global Holcim Awards. In India the Holcim Global Awards competition is promoted on behalf of the Holcim Foundation jointly by ACC Ltd and Ambuja Cements Ltd.