Initial meeting between ITA and AIIB

Initial meeting between ITA and AIIB

16 April 2021

A virtual meeting between the Asian Infrastructure Investment Bank (AIIB) and International Tunneling and Underground Association (ITA) took place March 23, 2021 to explore collaboration on technology-enable infrastructure.

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is infrastructure financing. AIIB began operations in Beijing in January 2016 and have since grown to 103 approved members worldwide. Working with partners, AIIB prioritizes sutainable and green infrastructure and supports its members meet their environmental and related development goals by financing projects that deliver local environmental improvements and investments dedicated to climate action. Since 2016, AIIB has invested more than USD 23 billion in its portofolio projects. To date, numbers of projects financed or to be financed are increasing.

The mandates of the two institutions converge around utilizing technology and supporting sustainable development. These key activity areas will foster collaboration in developing projects, and other forms of technology and financial assistance and knowledge exchange.

This collaboration will start with the organisation of working sessions on the theme of underground space and related technologies for sustainable infrastructure development. ITA will provide training on new technologies available to AIIB staff and clients.

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