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.
More News Articles
Beijing, May 30, 2023
AIIB Supports Multilateral Transport Initiative for Improved Transport Data
The Asian Infrastructure Investment Bank (AIIB) is engaging with the Asian Transport Outlook (ATO) initiative to strengthen the knowledge base on transport in the Asia-Pacific region.READ MORE
Beijing, May 19, 2023
AIIB Appoints a New External Member of its Audit and Risk Committee
The Asian Infrastructure Investment Bank (AIIB) has appointed Teresa Lin as external member of the Audit and Risk Committee (ARC) of the Board of Directors. Lin’s term follows the end of the three-year term of Ai Phing Cheng in April 2023. Elisabeth Stheeman continues to serve as external member to the ARC.READ MORE
Beijing, May 11, 2023
AIIB Issues First Climate Adaptation Bond Targeting Resilient Infrastructure
The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing.READ MORE
Beijing/London, April 27, 2023
Research Shows How AIIB-Amundi Climate Change Investment Framework Can Guide Investors
The Asian Infrastructure Investment Bank (AIIB), Amundi and Climate Bonds Initiative (CBI) announce the publication of the Companies and Climate Change report, developed by Fitch Solutions, the Carbon Trust, and CBI. This report presents the first research application of the AIIB-Amundi Climate Change Investment Framework (CCIF).READ MORE