The UFPF was established in November 2009 for investment co-financing and technical assistance for urban environment infrastructure that benefits the poor.
The aim of the UFPF is to raise and utilize development partner funds for investment co-financing in urban environmental infrastructure projects and support a wide range of technical assistance to help lay the groundwork for such projects.
The UFPF prioritizes investments in climate change mitigation and adaptation of urban infrastructure projects by local governments and cities that benefit the poor.
The UFPF supports public transport, water supply and sanitation, solid waste management and urban renewal projects that are inclusive and benefit the poor, and are environmentally sustainable. It provides:
All ADB Developing Member Countries (DMCs) are eligible for the grant, for specific urban infrastructure sectors, namely water, sanitation, wastewater, transport, energy and roads.
Sweden supports the fund.