Asia

The European Investment Bank (EIB), the bank of the European Union and the biggest multilateral bank in the world will work with PT Mass Rapid Transit Jakarta (MRT Jakarta), the city’s public transport authority, in developing the city’s public transport network and financing urban regeneration of residential and business areas along the transport routes.

The European Investment Bank (EIB), the bank of the European Union and the largest multilateral lender in the world, will provide €250 million to the People’s Republic of Bangladesh to support procurement of safe and effective vaccines and country-wide immunisation against COVID-19. Vaccination efforts will also include Rohingya refugees from Myanmar currently hosted in Bangladesh.

The European Investment Bank (EIB), the climate bank of the European Union, has announced its plans to finance two bus rapid transit systems (BRT) in the cities of Batam and Makassar in the Republic of Indonesia. The EIB financing will be a part of wider Team Europe support for the Government of Indonesia in reducing country’s greenhouse gas emissions by up to 41% by 2030. Low-carbon urban infrastructure development projects like the BRT systems are key to reducing global greenhouse gas emissions as cities worldwide produce some 70% of all these emissions worldwide.