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Lesson
Apart from offering concessional interest rates,ADB and China National Investment and Guaranty Corporation (I&G) could explore providing enhanced value-added services for ongoing and future financial intermediation loan initiatives in air quality improvement or climate change programs. The global economic slowdown dampened enthusiasm for green investments, while the rise in euro interest rates and the reduction of yuan lending rates since 2022 presented additional challenges for green financing eligible subprojects within the greater Beijing–Tianjin–Hebei region.

Project Number: 50096-002
Project Name: Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—China National Investment and Guaranty Corporation’s Green Financing Platform Project
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Lesson
Financing a series of smaller projects within a broader financing structure can provide efficient infrastructure improvement support on a larger scale. Although the project completion report indicated that these types of projects should contain fewer districts to reduce the implementation burden, the report confirmed the efficacy of the project. Therefore, to provide large-scale infrastructure, it may be preferable to finance a series of smaller projects within a broader financing structure, such as a multitranche financing facility.

Project Number: 45084-002
Project Name: Coastal Climate-Resilient Infrastructure Project
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Lesson
The selection of appropriate project financing modality (through feasible project design) in line with country capacities is a crucial factor in achieving complex project objectives and overall project success. Availability of financing that is time-bound, such as multitranche financing facilities or sector lending puts the onus on the counterpart government to ensure project readiness from its side.

Project Number: 35448-013
Project Name: Omnibus Infrastructure Development
Report Date:
Lesson
Setting a high job placement target to qualify for the final milestone payment can can create a negative incentive for training providers to inflate the training costs so as to cover for all their costs regardless of whether or not they meet the job placement target. This lesson, arising from a similar project in Nepal, was heeded by the tranche 1 project that lowered the job placement target from 70% to 60% to ensure that the training providers do not to lose their focus on job placement.

Project Number: 42466-015
Project Name: Skills for Employment Investment Program - Tranche 1
Report Date:
Lesson
A multisector approach, backed by an implementation arrangement that addresses the logistical challenge of working in remote areas, is suitable for improving livelihoods in the protected areas. The project location within a protected area required a design that considered the links between communities, tourism, ecological values, park management objectives, and compliance with national and ADB safeguard requirements for protected areas.

Project Number: 48216-001
Project Name: Integrated Livelihoods Improvement and Sustainable Tourism in Khuvsgul Lake National Park Project
Report Date:
Lesson
Climate change risks need to be carefully considered in the design of rural infrastructure. There was inadequate integration of disaster and climate change risks into the design of subprojects in the highly vulnerable project provinces. This was highlighted by the collapse of a 450-meter section of the Trieu Dai–Trieu Do commune road (Quang Tri) during severe storms and flooding in 2011.

Project Number: 37097-013
Project Name: Integrated Rural Development Sector Project in the Central Provinces
Report Date:
Lesson
With climate change exerting new and increasing demands on road and bridge networks, future economic analyses for transport projects should take a broader perspective in calculating economic benefits. The economic analysis for this project compared with-project and without-project scenarios to derive its economic benefits. The definition of the with-project scenario assumed time and vehicle operating cost savings from less traffic congestion and improved traffic flow. The benefits from less congestion accounted for 93% of the total net benefits.

Project Number: 43200-024
Project Name: Bridge Replacement for Improved Rural Access Sector Project
Report Date: