Foreign Affairs News The Leading News Portal
Economy
Jul 14, 2021

ADB launches transport roadmap across Pacific

Foreign Affairs News Desk
ADB-Logo

The Asian Development Bank (ADB) has launched a new strategy to help ADB’s Pacific developing member countries (DMCs) improve connectivity and tackle other core development challenges across the Pacific over the next 5 years.

The road map reviews transport sector performance, summarizes development constraints, and articulates the rationale and strategic direction behind ADB’s support. The report explains how ADB will support its Pacific DMCs to achieve domestic and regional transport objectives that enable men and women in both remote areas and urban centers to better access employment, markets, education, and health services.

The report notes ADB’s 14 Pacific DMCs are scattered across 30 million square kilometers of ocean, with a total population of 10 million people. The combination of remote geography and dispersed populations present unique challenges to establishing transport networks that lower the costs of trade, address climate risks, and deepen interaction in global markets.

In 2019 ADB had 17 transport projects valued at more than $1.4 billion underway in the Pacific, comprising 59% of its work in the region. Another 27 transport projects valued at $2.3 billion are planned for 2020–2023, it noted.

Leave a Reply

Your email address will not be published. Required fields are marked *