The New Development Bank (NDB) has approved 5 new projects totalling USD 875 million for water, sanitation, ecotourism and transport.
Banking & Finance
The New Development Bank (NDB) has approved 5 new projects totalling USD 875 million for water, sanitation, ecotourism and transport. This Investments will support commitments by Brazil, China and India towards the Sustainable Development Goals (SDGs). In Brazil, NDB will channel USD 300 million that will contribute to connecting 592 thousand households to water supply and 727 thousand to sewage collection networks in the state of Sao Paulo. The project will be implemented by the Water and Sanitation Company (SABESP). In India, NDB will direct USD 79 million for the Meghalaya Ecotourism Infrastructure Development Project. In China, NDB approved EUR 265 million for the expansion of the Lanzhou Zhongchuan International Airport and RMB 805 million for the expansion of the Xi’an Xianyang International Airport.
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