News

TAPI shareholders agreement initialed

he shareholders of TAPI Pipeline Company Limited have agreed on their respective shareholding percentages and initialed the Shareholders Agreement. TAPI Company Limited will build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.

ADB, Pakistan sign loan agreement for new section of M-4 motorway

The Asian Development Bank signed a loan agreement with the Government of Pakistan in Islamabad to fund the section of the M-4 motorway connecting Gojra to Shorkot in Pakistan’s Punjab province.

ADB loan to help upgrade provincial highway network in Sindh

The Asian Development Bank has approved a loan of over $197 million to rehabilitate 328 kilometers (km) of provincial highways and assist authorities in developing a master plan to better manage current and future road traffic in Sindh.

ADB-supported pilot road safety project in PRC aims to be model for wider replication in Asia

The Asian Development Bank (ADB) has approved a $200 million loan for a pilot road safety project in Shaanxi Province, the People’s Republic of China (PRC).

ADB president calls for CAREC to boost regional cooperation efforts

In his keynote address at the CAREC Ministerial Conference, ADB President Takehiko Nakao said that in the current difficult global economic environment, CAREC countries should further strengthen regional cooperation and integration efforts.

ADB loan to help deliver reliable power in northwestern Uzbekistan

The Asian Development Bank has approved a $150 million loan to expand and modernize the high-voltage power grid in the northwestern region of Uzbekistan, including the construction of 364 kilometers of new transmission lines and three substations in Karakalpakstan and Khorezm.

ADB $300 million loan to complete advanced electricity meters rollout

The Asian Development Bank (ADB) has approved a $300 million loan for the final stage of an ongoing program to introduce a country-wide advanced electricity metering system which will improve billing, cut power losses and strengthen the financial sustainability of the power sector.

Central Asian cooperation stands at crossroads of new era

As a connecting link between Europe and East Asia, Central Asia is set to reap the benefits of burgeoning trade between the two economic giants.

ADB, DFID provide funding for Pakistan economic corridor

The Asian Development Bank (ADB) and the Department for International Development (DFID) of the United Kingdom will cofinance the $327 million cost of the 59 kilometer Hassanabdal - Havelian Expressway (E-35) project.

ADB to help Pakistan advance inclusive growth in new 2015-2019 partnership

The Asian Development Bank has approved a new country partnership strategy with Pakistan for 2015-2019 with a provisional assistance package of at least $1.2 billion a year on average, which will focus on infrastructure upgrades and institutional reforms.