News

$810 million ADB loan to help Pakistan address energy shortage

The Asian Development Bank (ADB) has approved an $810 million multi-tranche financing facility to develop Pakistan's power transmission system, to improve the reliability and quality of energy supply, and to meet increasing demand for electricity. (Photo credit: ADB)

ADB approves $750 million loan facility to lift power reliability in Azerbaijan

The Asian Development Bank (ADB) has approved a $750 million multitranche program loan facility to upgrade power distribution networks in Azerbaijan, that will benefit over 1.4 million consumers and give the wider economy a lift by providing more reliable electricity supplies.

ADB provides Pakistan $100 million for new section of motorway

The Asian Development Bank and the Government of Pakistan signed an agreement for a $100 million loan to build the remaining 64-kilometer section of the motorway (M-4) connecting Shorkot and Khanewal in Punjab province.

ADB approves first cofinancing with AIIB for a Pakistan road project

The Asian Development Bank approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB). AIIB will provide a $100 million loan subject to its board approval. The United Kingdom’s Department for International Development (DFID) has also committed a $34 million grant for the project.

Tajikistan president inaugurates ADB-supported energy facility

President Emomali Rahmon inaugurated the new 500-kilovolt switchyard built with the support of the Asian Development Bank (ADB) at the Nurek hydropower plant.

ADB border crossing loan to help boost PRC, Russian Federation Trade

The Asian Development Bank (ADB) has approved a $27 million loan to support more efficient and less costly trade flows across three major border crossing points in Mongolia, paving the way for increased trade with neighboring People’s Republic of China (PRC) and the Russian Federation

INFOGRAPHIC: TAPI Gas Pipeline

The proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline is expected to transport natural gas from Turkmenistan to Afghanistan, Pakistan, and India.

TAPI pipeline to help Afghanistan rebuild ties with Silk Road neighbors

The shareholders of TAPI Pipeline Company Limited signed an Investment Agreement in a ceremony witnessed by petroleum ministers and senior government officials of Turkmenistan, Afghanistan, Pakistan and India, and senior Asian Development Bank officials.

ADB approves $197 million loan for highway rehabilitation in Pakistan

The Asian Development Bank has approved a project loan of nearly $197 million to continue rebuilding highways and bridges damaged in Pakistan’s worst-ever floods in 2010.

ADB reaffirms support, targets more funding for infrastructure

Sean O’ Sullivan, Director General of the Asian Development Bank (ADB)’s Central and West Asia Department, has concluded a 3-day visit to Afghanistan, where he met key government officials to discuss ADB’s current country operations, explore options for enhanced service delivery, and reaffirm ADB’s support in the current challenging environment.