Beijing, China, October 09, 2018
AIIB Promotes Sustainable Development Goals in New Transport Sector Strategy
The Asian Infrastructure Investment Bank (AIIB) has released its Transport Sector Strategy, which will guide the Bank’s infrastructure investments in the transport sector in Asia and beyond.
The strategy outlines AIIB’s objective to finance sustainable and integrated transport systems that promote trade and economic growth in Asia. AIIB looks to finance projects with financial returns and wider economic impact. Priority will be placed on trunk linkages, cross-border connectivity, projects that result in transport integration, and the upgrading of existing transport infrastructure.
Consistent with the Sustainable Development Goals, AIIB will seek to ensure its projects are economically, environmentally and socially sustainable in a balanced and integrated manner. AIIB will embrace projects that leverage innovative and proven technologies, including greener technological choices. The bank will also prioritize projects that minimize environmental and social risks and impacts, promote universal access, equity of opportunity and nondiscrimination, and have built-in appropriate accessibility and safety standards, where possible.
"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."
The Transport Sector Strategy has benefited from public consultations that took place from May 10, 2018 to July 4, 2018.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 87 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
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AIIB Commits USD112 Million to Improve Transport and Water Services in Karachi
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