Developing Asia will need to invest $1.7 trillion per year until 2030, if the region is to maintain growth, tackle poverty, and respond effectively to climate change. ADB is working throughout the region to promote safe, accessible, and green transport infrastructure and services.
Climate adjusted investment in transport accounts for 32% of what the region needs up to 2030.
While Asia’s cities generate around 80% of the region’s economic growth, urban vehicle numbers are currently doubling every six years, a major source of greenhouse gases and congestion.
Transport has a critical role to play in regional economic integration.
Transport has a key role to play in each of the seven operational priorities for ADB under its Strategy 2030. ADB aims to provide access and mobility for both people and goods, while promoting efficient and effective transport systems that reduce travel times and costs. The bank aims to minimize the negative social and environmental impacts of transport wherever possible. ADB understands that transport plays a key role in enabling continued economic and social development in the region.
Results delivered in 2022 from ADB projects.
People benefiting from improved services in urban areas, including transport
Transport and ICT connectivity assets established or improved
Farmers with improved market access
Transport systems across the region need large investment in both new systems and upgrading existing systems to meet the increasing demand for travel and movement of goods. Transport is an enabler of development and plays a pivotal role in inclusive and sustainable development.
The transport sector will decarbonize over time. Asia leads the world in numbers of electric vehicles, dominated by fleets of 2- and 3-wheelers as well as urban buses.
Promotion of zero emission transport such as walking and cycling is the most cost-effective solution, followed by promotion of clean public transport systems such as buses and metro rail. Cities across the region should promote non-motorized and public transport systems to improve air quality and reduce CO2 emissions.