Mexico City Wins 2013 Sustainable Transport Award

New York, NY — The Institute for Transportation and Development Policy (ITDP), together with an international committee of transportation and development experts, awarded Mexico City the 2013 Sustainable Transport Award for its Bus Rapid Transit (BRT) system, cycling and walking infrastructure, parking program, and revitalization of public space.

Established in 2005, the Sustainable Transport Award recognizes leadership and visionary achievements in sustainable transportation and urban livability, and is presented to a city each January for achievements in the preceding year.

ADB $275 million loan for “Green” Buses in People’s Republic of China

More public buses with lower greenhouse gas (GHG) emissions will soon be deployed on the roads of major cities in the People’s Republic of China (PRC) as the Asian Development Bank (ADB) helps bus operators shift their fleets to cleaner fuel. ADB has earmarked $275 million for up to five top-tier financial leasing companies in PRC to finance leased buses that run on cleaner fuel – such as compressed natural gas (CNG) and liquefied natural gas (LNG) – as well as electric and hybrid buses.

ADB Finances "Green" Buses in People's Republic of China

The ADB project is supporting the expansion of “green” bus services in the People’s Republic of China, an initiative that will benefit low-income commuters, improve air quality and reduce GHG emissions. The initiative is in line with the $175 billion commitment made at the June 2012 UN Conference on Sustainable Development (UNCSD, or Rio+20) by multilateral development banks to improve transport in developing countries between 2012 and 2022.