Features

CAREC highway linking Kyrgyz Republic and PRC gets $55 million ADB loan

A third highway project along the 539-kilometer (km) stretch of CAREC Corridor 1 from the Kyrgyz Republic’s capital Bishkek to Torugart, near the boundary of Xinjiang Uygur Autonomous Region of the People's Republic of China (PRC), will receive a $55 million loan from the Asian Development Bank (ADB).

CAREC senior officials meet to finalize new strategic framework

The Senior Officials’ Meeting recognized the program’s achievements since its formal establishment in 2001 and senior officials put finishing touches to a new strategic framework—aptly called CAREC 2020—that will guide the program for the next 10 years.

Turkmenistan Gets $125 Million ADB Loan for a Regional Railway Project

Turkmenistan will receive a $125 million loan, its first from the Asian Development Bank (ADB), to fund the North–South Railway Project, to install power, signaling, and telecommunication systems on 311 kilometers (km) of the 934 km planned North–South Railway Corridor.

World Bank Approves $110 Million Loan to Improve Electricity Supply in Four Regions of Uzbekistan

The World Bank approved a $110 million loan for the Talimarjan Transmission Project in Uzbekistan. The project aims to improve the reliability of electricity supply in the southwestern regions of Samarkand, Kashkadarya, Navoyi, and Bukhara.

CAREC Corridor 3 Road Project Gets $120 million ADB grant

The road is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 3 that spans almost 7,000 kilometers from the Russian Federation in the north to the Persian Gulf in the south.

Afghanistan to Receive $341.5 Million for Road and Power Projects

The Asian Development Bank (ADB) will provide $341.5 million in grants and technical assistance to Afghanistan for the completion of the country’s vital Ring Road and improvement of its power sector.

ADB Grant to Prepare Modernization Plans for Central Asia’s Cross-Border Points

The Asian Development Bank (ADB) has approved a $2 million technical assistance grant for a feasibility study to upgrade and modernize border crossing points in Central Asia.

First Cross-Border Transport Agreement Signed under CAREC

The Kyrgyz Republic’s Permanent Secretary of the Ministry of Transport and Communications Kubanychbek Mamaev and Tajikistan’s Minister of Transport and Communications Olimjon Boboev signed the first cross-border transport agreement (CBTA) under the Central Asia Regional Economic Cooperation (CAREC) Program.

A Perfect 10 for CAREC

As the Central Asia Regional Economic Cooperation (CAREC) Program prepares for its next decade of regional cooperation, Ministers at the 9th Ministerial Conference in Cebu, Philippines welcomed the accession of two new members - Turkmenistan and Pakistan - increasing the Program’s member countries from 8 to 10.

Kyrgyz Republic’s Energy Sector Gets Assistance from ADB, World Bank

The Asian Development Bank (ADB) and the World Bank are extending assistance to the energy sector of the Kyrgyz Republic. ADB will provide a loan and a grant to help turnaround a power sector hampered by inefficiencies and losses, while the World Bank will provide funds for the energy needs of the country before winter begins.