Original article at www.slocat.net

RIO DE JANEIRO, BRAZIL (20 June, 2012 )—The eight largest multilateral development banks (MDBs) announced today that they will invest US$175 billion to finance more sustainable transportation systems over the coming decade, boosting equitable economic development and protecting the environment and public health across the developing world. The pledge by the Asian Development Bank, the World Bank and six other MDBs was made at the start of United Nations Conference on Sustainable Development (also known as Rio+20).

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