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Middle East and north Africa

Development banks pledge $175 million investment in sustainable transport

Posted by on Jul 20, 2012 in Accessibility, All news, Asia, Bus, Employment, Funding, Latin America and Caribbean, Middle East and north Africa, Oceania, PPP, Services, Sub-Saharan Africa, Systems, Uncategorized |

Eight multilateral development banks (MDBs) announced at the Rio+20 summit  that they would set earmark $175 billion to finance sustainable transport systems over the next decade. The pledge was made jointly by the World Bank, Asian Development Bank, African Development Bank, Inter-American Development Bank, CAF-Development Bank of Latin America, European Bank for Reconstruction and Development, European Investment Bank and Islamic Development Bank. “Rapid motorization is creating more...

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