Today, the Asian Infrastructure Investment Bank (AIIB) has launched public consultations on its Draft Transport Sector Strategy. The draft strategy outlines AIIB’s vision to develop sustainable and integrated transport systems that promote trade and economic growth in Asia.
Many economically impactful projects face challenges securing private-sector financing because financial returns are lower. For this reason, AIIB has decided to prioritize these critical projects in its draft transport strategy, with a focus on trunk linkages, transport integration, the promotion of cross-border connectivity and upgrading of existing infrastructure. The key aim is to make more projects bankable through AIIB’s participation by mobilizing private capital and contributing towards the economic development and integration of its member.
AIIB’s intended approach will embrace innovative and proven technologies, as well as promote environmental and social sustainability. As a young institution, AIIB will also develop strategic partnerships from project preparation to financing.
“Connectivity infrastructure is crucial for trade and economic growth in Asia and beyond,” said AIIB Vice President for Policy and Strategy Joachim von Amsberg, “Though still a young multilateral development bank, AIIB is set to play a catalytic role as a new financier and partner for sustainable transport development. We welcome inputs and comments from all interested parties to assist us to further refine our transport sector strategy.”
Public consultations have formed an important part of AIIB’s decision-making process since its inception in January 2016. Interested parties, including government agencies, private sector companies, industry associations, CSO/NGO and academics are invited to view the draft strategy on the AIIB website.
The public consultations period will last eight weeks, starting from May 10, 2018 to July 4, 2018. Written comments must be submitted by July 4, 2018 to ts.consultation@aiib.org.
Along with the draft strategy document, an AIIB Transport Sector Study is also posted on the website for viewers’ reference.
For more information about AIIB, please visit www.aiib.org.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, we commenced operations in January 2016 and have now grown to 86 approved members from around the world. By investing in sustainable infrastructure and other productive sectors today, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
