Features

ADB pledges $4.7 billion to CAREC 2020

The Asian Development Bank (ADB) has allocated $4.7 billion over the next 3 years to support the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program or CAREC 2020, and its goals of trade expansion and improved competitiveness.

Central Asia Economy and Regional Trade

The thriving east-west trade that once spanned Central Eurasia along the famed Silk Road may soon be restored to its former glory thanks to growing transport and trade links being rolled out under the Central Asia Regional Economic Cooperation (CAREC) program.

Mongolia Builds a Regional Logistics Facility on People’s Republic of China Border

The Government of Mongolia, supported by the Asian Development Bank (ADB), will build a high-tech, multimodal logistics facility in Zamyn Uud on the southeast border with the People’s Republic of China (PRC). The facility will help expand and speed up trade of Mongolia, and increase its global competitiveness.

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).

Ministers endorse energy, results frameworks

Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) on 16 October endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.

Raising Rail Safety in the People’s Republic of China

As the People's Republic of China expands its rail network and adds high-speed trains, an ADB loan is helping upgrade technology and increase security.

Preserving PRC’s Silk Road

In the People's Republic of China’s (PRC) Gansu province, cultural heritage protection was underfunded and tourism infrastructure underdeveloped. The Silk Road project is changing the province’s approach to conservation and development.