ADB's $200 Million Investment in Chongqing's Green Urban Development

The Asian Development Bank (ADB) has recently approved a significant loan of $200 million to support the development of a green and low-carbon urban district in Chongqing, China.

This initiative is part of the broader efforts to promote sustainable urban infrastructure and climate resilience in one of China's largest municipalities.

Details of the Funding

The funding will be allocated to the Chongqing Gaoxin District Green and Low-Carbon Urban Development Program, which aims to create a sustainable and climate-resilient urban environment. The total estimated cost for this program is approximately $841.9 million, with ADB's contribution representing a crucial component of this investment.