Urban Financing Partnership Facility

The Urban Financing Partnership Facility (UFPF) was established in November 2009 to provide investment cofinancing and technical assistance (TA) to urban environment infrastructure that benefits poor people. The facility aims to raise and utilize development partner funds for investment cofinancing in urban environmental infrastructure projects and support a wide range of TA projects to help lay the groundwork for such projects.

The UFPF has five trust funds: the ASEAN Australia Smart Cities Trust Fund (AASCTF), the Cities Development Initiative for Asia Trust Fund, the Urban Climate Change Resilience Trust Fund, the Urban Resilience Trust Fund, and the Urban Environmental Infrastructure Fund (UEIF).

Under the AACSTF, ADB provided support to Indonesia’s Nusantara National Capital Authority by creating an enabling environment for private sector investment through a spatial plan review that considers push and pull factors and sustainability aspects, and an integrated data platform for potential investments.

By 2023, the Cities Development Initiative for Asia Trust Fund had commissioned 27 project preparatory studies (PPS) since its establishment as a trust fund in 2018. Of the 27 PPS, 17 have been linked to $1.1 billion in investments, of which 52% are financed by ADB.

The Urban Climate Change Resilience Trust Fund (UCCRTF) is winding up its activities. In its 10 years of operation, the fund has supported 7.8 million people (2.4 million direct and 5.3 million indirect beneficiaries) to better adapt to the effects of climate change through knowledge, better planning, and the development of climate resilience infrastructure in the eight countries of its operation: Bangladesh, India, Indonesia, Pakistan, Nepal, Myanmar, the Philippines, and Viet Nam. UCCRTF’s support has been linked to $10.6 billion of approved downstream investments comprising $5.8 billion in approved ADB loans, $2.3 billion in cofinance, and $2.6 billion in government counterpart funding.

The Urban Resilience Trust Fund (URTF), which succeeds the UCCRTF, was officially approved by ADB as a trust fund under the Urban Financing Partnership Facility umbrella in March 2023. It is supported by the Government of the United Kingdom’s Foreign, Commonwealth and Development Office with a committed funding of $82.2 million (£68.5 million). Building on the lessons learned from the UCCRTF, the URTF aims to build the capacity of cities by helping national and subnational urban agencies, communities, and the private sector to integrate climate resilience into their policies and to develop and effectively implement a pipeline of resilience projects through public or private investments.