The Asian Development Bank has announced a $199.46 million loan to support the development of a smart, sustainable, intelligent and low-carbon transport system in Guiyang, China.
The loan will fund the implementation of a pilot initiative of the New Urbanisation Smart Transport Development Project.
The aim is to reduce pollution, cut traffic congestion, and improve transport safety.
The city will use the project to attract more private sector investors and professionals and to boost the local economy.
The smart sustainable transport system will comprise real-time traffic and road-weather monitoring, a multimodal transportation systems management and operations center, and integrated traffic operations and safety and emergency management system.
The project will also finance some sustainable transport infrastructure, including clean energy buses, bus stations and electric vehicle charging stations.
The total cost of the project is $495.81 million. The project is expected to be completed by the end of 2025.
ADB senior transport specialist for East Asia, Susan Lim, said: “This project will serve as an example of how the People’s Republic of China (PRC) and other countries can address the downsides of rapid urbanisation, such as high CO2 emissions, which have impacts well beyond national boundaries, and traffic jams and road safety, which stop cities from flourishing.
“User needs will be at the heart of the new transport system, ensuring it will cater to all types of travelers including business people, parents, and children, the aged, or the differently-abled.”
Electric vehicles is a hot topic that will be discussed at this year’s Asian Utility Week and POWERGEN Asia conference, click here for information or register to attend the event.