ADB has approved a $177 million loan to India to upgrade 450 kilometers (km) of state highways and major district roads in Maharashtra State.

ADB has provided several targeted interventions to support its developing member countries in combating the effects of the COVID-19 pandemic from its early stages. In support of ADB’s effort, the Government of Japan is...

The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel ....

ADB has released the 13th annual performance report of its corporate results framework, the Development Effectiveness Review, a management tool that monitors performance and progress during 2019.

CHENNAI: The Kotturpuram branch of Indian Bank has invited tenders for auction of a property belonging to film producer and director Gautham Vasudev Menon in Adyar. As per details on Tenders India (a government tender information system), the auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore. The winning bidder, expected to put up 50 lakh as a deposit. The property is 7,091 sqft, and the market price of each ground (2,400 sqft) in the area is 4.5 crore to 5 crore. “This particular account has been a non-performing asset (NPA) for some time and […]

CHENNAI: City builder Ceebros has started pulling down the unfinished JW Marriott Hotel in the city, which it had bought from Hyderabad-based Viceroy Hotels for 480 crore last year. Viceroy group sold the property in MRC Nagar after completing the shell of the hotel because the hospitality sector in Chennai is going through a serious crisis with low occupancy in most five-star hotels. With more than half a dozen new star hotels being opened in the city in recent years, there is very high room inventory and hotels are struggling for business, say industry sources. Ceebros is pulling down the unfinished J W Marriott structure to redevelop it into a […]

CHENNAI: Strong English speaking skills and a wide mix of industries that promotes cross pollination of work culture has made Chennai one of the top 12 cities in the world for real estate investments. This is the first global recognition the city has received; it is also the lone Indian city on the list. The Candy GPS Report, published on Friday, identifies 12 cities around the globe with the potential to show strong residential property price growth in the next few years. The report — produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management — said, “Prices in these rising cities are generally much lower […]

After a lacklustre first half, home sales across the top six cities in the country are expected to rise 26 per cent in the second half of 2014 compared to a year ago, according to a research report by property advisory firm Knight Frank. A negative sentiment among home buyers due to the slow economy, high interest rates, inflation and also political uncertainty had tempered home sales in the first half of the year. While new launches in the period dropped 32 per cent, sales volume was down 27 per cent. But now, with a positive election result, a stable government at the centre and sops for the housing sector […]

Alastair Hughes, CEO (Asia Pacific) of Jones Lang LaSalle (JLL), who was in Bangalore to hold a board meeting of the Asia Pacific region comprising China, Japan, Australia, South East Asia and India, spoke to BusinessLine to share the real estate market sentiment and key issues on corporate leasing. How is the realty market in India as compared to other countries in Asia Pacific ? India has seen a dramatic recovery. The hangover did not last very long as it had in 2010-2011. The market is very dynamic here right now. While Asia-Pacific began to recover in 2012-2013, India went through a lull, largely due to lack of business confidence, […]

U.S. Secretary of State Mike Pompeo will visit Israel in a show of support for the new coalition government, resuming travel after a coronavirus suspension, the State Department announced Friday.

Palestinian leaders vowed Friday to defy a new Israeli military order which they fear could lead to the confiscation of money destined for prisoners, their relatives and the families of those killed in unrest.

The north–south railway line comprised two parts: the northern section, from Uzen (Kazakhstan) to Bereket (Turkmenistan), is 596 km long; and the southern section, from Bereket to Gorgan (Iran) is 338.5 km long. The government requested ADB to finance only the design and installation of the power supply, signal systems, and telecommunication systems for 311 km of the northern section, from Bereket to Hazar. The project’s expected impact was increased trade between Turkmenistan and other countries in the region.

The government of Indonesia wanted to improve land and water management in the Citarum River Basin, and requested assistance from the Asian Development Bank (ADB) to develop a long-term integrated water resources management (IWRM) investment program as part of its strategic road map. In December 2008, ADB approved a multitranche financing facility (MFF) for the Integrated Citarum Water Resources Management Investment Program to support the implementation of the IWRM road map in the basin. A periodic financing request was formulated to implement priority activities from the road map.

The Public-Private Infrastructure Development Facility (the facility) directly supported the government of Banglahdesh infrastructure development agenda providing the much-needed long-term funds for infrastructure financing.These funds, at commercial terms with more than 20 years of maturity for infrastructure subprojects, filled a gap in the market at that time. The facility complemented the ongoing financial sector reforms and public-private partnerships (PPPs), all of which were intended to create an enabling environment for long-term infrastructure financing.

The project’s targeted outcome was improved access to social and economic facilities in the project areas, particularly in education and health services, and transport hubs in Timor-Leste. These were to (i) rehabilitate 232 kilometers (km) of priority roads; (ii) develop and implement a new road maintenance program; (iii) improve border post facilities; and (iv) provide consulting services and technical assistance (TA) in all aspects of project development and implementation.

In December 2006, the Asian Development Bank (ADB) approved a $900.0 million equivalent multitranche financing facility (MFF) for the Punjab Irrigated Agriculture Investment Program (PIAIP) to finance improvements to Punjab’s irrigation sector. At the same time, two loans for tranche 1 totaling $227.8 million equivalent were approved using the MFF for $217.8 million equivalent from ADB’s ordinary capital resources and $10.0 million equivalent from ADB’s Asian Development Fund (ADF).

The program aimed to increase the role of women entrepreneurs in economic development and address constraints they and micro, small, and medium-sized enterprises (MSMEs) faced. The program had two components—a policy-based loan (PBL) and a financial intermediation loan (FIL) — each at $20.0 million. The program was supported by a technical assistance (TA) capacity building component of $0.6 million.

The government requested financing from the Asian Development Bank (ADB) to support the National Highway Authority (NHA) in constructing new roads and improving existing ones along the backbone from Peshawar to Karachi, to Gwadar Port in Baluchistan, as well as connections between Pakistan and the People’s Republic of China. Following the completion of loan preparatory activities in May 2007 and loan negotiations in October 2007, the ADB Board in December 2007 approved a multitranche financing facility (MFF) for $900 million to support the NTCIP–Tranche 1.

The project aimed to improve the transport conditions and services in Longnan municipality in the People's Republic of China. The targeted outcomes were the provision of efficient, safe and reliable road transport in the project area; and improved access to markets, income generating opportunities, education and health services and social activities for rural people. Key to this was a targeted reduction in travel times of between 5 and 7 hours, with 90% of the villages being served by an all-weather road.

The Highlands Region Road Improvement Investment Program, a multitranche financing facility (MFF), aimed to ensure the maintenance of the Highlands Core Road Network, comprising 2,500 kilometers (km) of major national and provincial roads. The MFF is funded through three tranches. The first tranche (Project 1) had six components. The physical component was improvements to 211 km of national roads. Two components supported the Department of Works (DOW) and the National Roads Authority (NRA) in project implementation.

The project aimed to improve access of micro, small, and medium enterprises (MSMEs) to commercial financing and market opportunities, thereby fostering growth, competitiveness, and employment creation in India. There were three targeted outputs. First was enhance credit delivery through Small Industries Development Bank of India (SIDBI) and participating financial institutions in the MSME subsector. Second was increased SME productive and managerial capacity and related new jobs created for new markets.

This report evaluates the performance of three technical assistance (TA) projects in Viet Nam for the resilience of rural development and climate change, approved by the Asian Development Bank over 2009–2013: (i) TA 7377: Climate Change Impact and Adaptation Study in the Mekong Delta; (ii) TA 8102: Promoting Climate Resilient Rural Infrastructure in the Northern Mountain Provinces; and (iii) TA 8592: Improving Payment for Forest Ecosystem Service Implementation.

The Madhya Pradesh Power Sector Investment Program in India was a multitranche financing facility (MFF) designed to support Madhya Pradesh state’s sustainable economic growth and social development by investing in the statewide power transmission and distribution networks. The MFF supported the state government in expanding its power transmission, distribution, and management infrastructure and capacity.

The project’s key objective was to demonstrate an innovative integrated ecosystem and water resources management that will improve the environmental conditions in the Baiyangdian Basin in Hebei province, southwest of Beijing. It focused on the need to conserve Baiyangdian Lake—one of the most important and vulnerable ecosystems in the People’s Republic of China (PRC). It would also contribute to achieving the goals of the Baoding municipality’s Eleventh Five-Year Environmental Protection Plan.

ADB has a vacancy for the position of Intern - Urban Development and Water Division, SERD - 2008 in the Southeast Asia Department. The deadline for submitting applications is on 15 September 2019.

ADB has a vacancy for the position of Investment Specialist in the Private Sector Operations Department. The deadline for submitting applications is on 18 May 2020.

ADB has a vacancy for the position of Senior Social Development Specialist (Gender and Development) in the Sustainable Development and Climate Change Department. The deadline for submitting applications is on 9 May 2020.

ADB has a vacancy for the position of Associate Environment Officer in the South Asia Department. The deadline for submitting applications is on 12 May 2020.

ADB has a vacancy for the position of Senior/Safeguards Specialist (Environment) in the Southeast Asia Department. The deadline for submitting applications is on 15 May 2020.

ADB has a vacancy for the position of Public Management Officer (Governance) in the Sustainable Development and Climate Change Department. The deadline for submitting applications is on 18 May 2020.

ADB has a vacancy for the position of Social Development Specialist (Gender and Development) in the Sustainable Development and Climate Change Department. The deadline for submitting applications is on 20 May 2020.

ADB has a vacancy for the position of Principal Investment Specialist in the Private Sector Operations Department. The deadline for submitting applications is on 22 May 2020.

ADB has a vacancy for the position of Senior IT Officer (Project Management) (3 Vacancies) in the Information Technology Department . The deadline for submitting applications is on 22 May 2020.

ADB has a vacancy for the position of Procurement and Contracts Officer in the Office of Administrative Services. The deadline for submitting applications is on 22 May 2020.

ADB has a vacancy for the position of Associate Facilities Planning and Management Officer (Project Management) in the Office of Administrative Services. The deadline for submitting applications is on 22 May 2020.

ADB has a vacancy for the position of Budget and Management Services Analyst in the Budget, Personnel, and Management Systems Department. The deadline for submitting applications is on 22 May 2020.

Nepal has 2.7% of the earth’s freshwater, yet the people of Kathmandu, Nepal’s most developed region, struggle with scarce water supply.

The Roundtable on Financing Water, to be held on 26–28 November 2019 in Manila, Philippines, is jointly organized by OECD and ADB. This is the fifth meeting of the roundtable series and focuses on the Asia and Pacific region.

This report presents nine case studies on poverty reduction projects financed by ADB in Mongolia, Nepal, the People’s Republic of China, the Philippines, Sri Lanka, Uzbekistan, and Viet Nam.

This working paper proposes flood footprint and accountability to coordinate risk management projects through appropriate spatial planning at river basin scale.

ADB today signed a $60 million loan deal (in Chinese Yuan equivalent) with Maxwealth Financial Leasing Co., Ltd. to improve municipal and industrial wastewater treatment capacity and standards in the People’s Republic of China...

This report examines ADB’s Unlocking Innovation for Development technical assistance project and highlights lessons learned from activities and pilot projects it has funded.

ADB signed an agreement today to provide $8.32 million in financing to the Government of Pakistan to enable vital preparatory work ahead of a series of major projects to enhance water availability and increase agricultural...

This document outlines the investment principles and eligibility criteria that will guide the selection of projects to be supported by the ASEAN Catalytic Green Finance Facility (ACGF).

Providing safely managed sanitation services for all requires extending the partnership between the public and private sectors.

The COVID-19 outbreak is hurting developing Asia's economies. Growth will slow sharply, and the outlook is very uncertain.

Regional economic growth in developing Asia will decline sharply to 2.2% in 2020 due to the effects of the COVID-19 pandemic, before recovering in 2021, according to the Asian Development Outlook 2020.

This video demonstrates how High Level Technology (HLT) can be harnessed by borrowers to help improve outcomes in procurement activities funded under ADB loans and grants.

This video outlines some of the benefits of Public-Private Partnerships (PPP) and the typical roles and activities assigned to various sector participants.