ZCZC
BCN-35
AIIB-FINANCING-TRANSPORT-PROJECTS
AIIB releases new strategy for financing sustainable transport projects
BEIJING, Oct. 10, 2018 (BSS/Xinhua) – The Asian Infrastructure Investment
Bank (AIIB) has released a new financing strategy focused on sustainable
transport projects, in its latest effort to promote the United Nations
Sustainable Development Goals (SDGs).
The AIIB document, titled “Transport Sector Strategy”, outlines the bank’s
objective to finance sustainable and integrated transport systems that help
facilitate trade and economic growth in Asia.
Consistent with the SDGs, the AIIB will seek to ensure its projects are
economically, environmentally and socially sustainable in a balanced and
integrated manner, according to a statement from the bank.
Priority will be placed on trunk linkages, cross-border connectivity,
projects that result in transport integration and the upgrading of existing
transport infrastructure, the AIIB said, adding that it embraces projects
that leverage innovative and proven technologies.
The bank will also give priority to projects that minimize environmental
and social risks and impacts, and promote universal access, equity of
opportunity, and nondiscrimination.
“Infrastructure that promotes connectivity is crucial for trade and
economic growth in Asia and beyond,” said AIIB Vice President for Policy and
Strategy Joachim von Amsberg. “We will work closely with multilateral
development banks and other partners to catalyze financing for sustainable
transport development.”
BSS/XINHUA/HR/1350