8 development banks commit to provide more than $175B to scale up support for sustainable transport
Green Car Congress
JUNE 21, 2012
The Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) are committing to provide more than $175 billion of loans and grants for transport in developing countries over the next decade. Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Sustainable transport solutions are available.