AIIB Keen To Fund Energy, Transport And Sustainable City Projects In India


AIIB Keen To Fund Energy, Transport And Sustainable City Projects In India

The Asian Infrastructure Investment Bank (AIIB) wants to finance projects in India spanning sectors across energy, transportation and sustainable cities. However, it is open to funding affordable housing projects only if they are backed by the government.

“We have thematic priorities that are sustainable infrastructure is one priority that is key in selecting our project. The projects have to be economically, environmentally and socially sustainable… they are one of the key criteria we look at. We also have sector priorities. Energy, transport and sustainable cities are those three sector priorities we have. These will grow over time, but there are the three we have,” said Najeeb Haider, principal strategy officer, AIIB during the bank’s annual meeting.

“So, it’s a combination of projects being in one or two of the categories we are focussed on and also what the country needs,” said Haider. Read More

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