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The Asian Development Bank’s assistance to Asia and the Pacific’s transport sector has helped to increase domestic connectivity and economic efficiency in the region states a report released by ADB’s Independent Evaluation Department.
ADB Support for Transport released on 16th of March 2020, assesses the appearance and results of ADB’s support for this sector in 2010–2018. Transport area that covers the road, rail, and different subsectors like multimodal logistics, air, transportation policies and institutional development and water transport are one of ADB’s largest portfolios constituting nearly a 3rd of its existing total lending.
Throughout the evaluation period, ADB’s guide for the sector totalled $38.2 billion. Of this, non-urban road constituted urban transport at $5.9 billion (15.4%), $26.4 billion (69%), and rail at $3.7 billion (9.6%).
The ADB’s priority when the evaluation period was financing transport infrastructure but there was insufficient attention to delivering sustainable transport services like safety, accessibility, affordability, and environmental impression, as per the report.
This article first appeared on www.metrorailnews.in
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