8 development banks commit to provide more than $175B to scale up support for sustainable transport

Green Car Congress

The joint MDB investment is intended to help develop and implement more environmentally-friendly, accessible, affordable, and safe transport solutions. ADB is already supporting green transportation solutions across Asia, including low-cost electric vehicles in the Philippines, urban metrorail systems in Viet Nam, bus rapid transit systems in Mongolia and Bangladesh, and inland waterway transport in the People’s Republic of China.