News Releases

ADB is providing $15 million in grant to help Mongolia improve urban infrastructure and services in the booming mining and border towns in Southeast Gobi.

Experts on public-private partnerships (PPP) have agreed that more PPPs will be needed to meet demand for infrastructure finance estimated at $300 billion a year in Asia, and $93 billion in sub-Saharan Africa.

Making Asia's sprawling urban areas more sustainable, competitive and environmentally friendly is the focus of an ADB-organized conference that begins in Manila today.

Rapid industrial growth and urbanization in Yunnan province in the People's Republic of China have caused serious pollution and environmental problems that are threatening its continued economic expansion.

ADB has set up a multidonor Urban Financing Partnership Facility to support its wide ranging urban development projects, with the Government of Sweden the first to inject funds.

The People's Republic of China will receive $100 million dollar loan from the Asian Development Bank to develop small towns and cities in Shanxi province, a move that will provide new jobs and help narrow the urban-rural income gap.

With more than one billion people in the Asia and Pacific region expected to join the urban population in the next 20 years, sustainable economic development is not possible without sustainable urbanization, said a senior official from the Asian Development Bank.

ADB is helping the People's Republic of China enact wide-ranging, integrated measures in Guiyang, the capital of Guizhou province, one of the poor western provinces in PRC, to tackle growing water shortages caused by rapid growth and urbanization.

Rapid urbanization is placing significant stress on the budgets of India's local governments and more must be done to improve their financial status to enable them to fund infrastructure projects and delivery of essential services.

A people-focused strategy that promotes accessibility instead of mobility is key to reducing the traffic congestion that now paralyzes many Asian cities, according to a new ADB book.