ASEAN, ADB launch initiative to support green infrastructure projects
Southeast Asian governments, the Asian Development Bank (ADB) and major development financiers on April 4 launched a new initiative to invest more than 1 billion USD in green infrastructure projects across Southeast Asia.
Garden by the Bay in Singapore - Illustrative image (Source: Eco-Business.com)Bangkok (VNA) – Southeast Asian governments, the Asian Development Bank (ADB) and major development financiers on April 4 launched a new initiative to invest more than 1 billion USD in green infrastructure projects across Southeast Asia.
The “ASEAN Catalytic Green Finance Facility” initiative was kick-started at a meeting between Thailand’s Minister of Finance Apisak Tantivorawong, ADB President Takehiko Nakao, and senior officials from ASEAN and private sector partners in Chiang Rai, Thailand, on April 4-5.
It provides loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems.
The facility will mobilise a total of 1 billion USD including 75 million USD from the ASEAN Infrastructure Fund (AIF), 300 million USD from ADB, 300 million EUR (336 million USD) from German Development Bank KfW, 150 million EUR from the European Investment Bank, and 150 million EUR from Agence Française de Développement.
ADB President Takehiko Nakao said that through the facility, ADB will support ASEAN governments in developing green and climate-friendly infrastructure projects that will contribute to fighting climate change, improving the quality of air and water, and reducing environmental degradation across the region.
The facility is part of a new “Green and Inclusive Infrastructure Window” under the AIF, a regional financing initiative established by ASEAN governments and ADB in 2011 and administered by ADB.-VNA
You should also see
PM urges village elders, citizens to help preserve cultural heritage
Prime Minister Pham Minh Chinh has asked village elders and chiefs, skilled artisans and reputable citizens to make greater efforts to preserve and promote tangible and intangible cultural heritage, which is the quintessence and core value of the nation.
See more
World
Indonesia’s Mount Ruang continues to emit ash
After a series of eruptions earlier this week that forced thousands to evacuate, Mount Ruang in North Sulawesi, Indonesia, continued to emit ash on April 19 afternoon.
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
