The world’s largest multi-lateral development banks — led by the
Asian Development Bank, the World Bank, and others — committed
to provide more than $175 billion over 10 years to support
sustainable transport in developing countries. The announcement
was made at the UN Sustainable Development Conference in Rio de
Janeiro (Rio+20) by the African Development Bank, Asian
Development Bank, CAF- Development Bank of Latin America,
European Bank for Reconstruction and Development, European
Investment Bank, Inter-American Development Bank, Islamic
Development Bank, and the World Bank. Following is a statement
from Holger Dalkmann, director of EMBARQ, the World Resources
Institute’s center for sustainable transport: “This is a game
changer for sustainable transport. It will ensure that hundreds
of millions of people will have cleaner air, less congested
roads, and safer transportation. “Ten years ago transportation
wasn’t even in the discussion; now it’s a major outcome from the
world’s preeminent conference on sustai