Developing countries in East Asia need to spend more than a trillion dollars over the next five years in roads, water, communications, power, and other infrastructure, says a new study released here today by the ADB, Japan Bank for International Cooperation, and the World Bank.
An ADB-backed Coal Mine Methane/Coal Bed Methane Utilization Project in Fuxin, the People's Republic of China (PRC), is the first project under its Clean Development Mechanism (CDM) Facility to be presented to carbon buyers.
Overall rehabilitation and reconstruction needs in the four mainland tsunami-affected states and territories of India are to the tune of US$1.2 billion, according to a Damage and Needs Assessment Report prepared jointly by the World Bank, ADB and United Nations at the request of the Government of India, released yesterday.
ADB is committing grants totaling about US$300 million from its Asian Tsunami Fund to help rebuild parts of Indonesia shattered by the December 2004 earthquake and tsunami disaster, it was announced yesterday.
Six weeks after the tsunami, Idris, a retired civil servant, and his wife Cut Rosmiati are rebuilding their two-storey house in Lampulo, a residential suburb that the tsunami of last December reduced to rubble.