The Asian Development Bank (ADB) today said it is to fund a pilot project that will help cities in the region develop transport systems that are better for the environment and are affordable to the poor.

ADB said it will provide a project preparatory technical assistance grant of $2.8 million to fund studies for sustainable urban transport systems. The outcome will be transport solutions that could be replicated in cities around the region.

The grant, which will be sourced from ADB's Climate Change Fund, will cover the total cost of the preparatory work. It is expected to last 23 months, concluding in December 2010. ADB will be the executing agency for the project and oversee the administration of all activities.

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Source: The Philippine Star (www.philstar.com)