News

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.

ADB, EBRD, and BSTDB cofinance landmark offshore gas field in Azerbaijan

The Asian Development Bank and the European Bank for Reconstruction and Development, with the participation of the Black Sea Trade and Development Bank, are arranging a financing package of $1 billion for a landmark offshore natural gas field project in Azerbaijan, Shah Deniz stage II, that is crucial for energy security and a common gas market in Europe.

TAPI steering committee endorses Turkmengaz as consortium leader for gas pipeline project

The TAPI Steering Committee has unanimously endorsed State Concern “Turkmengas” as the consortium leader of TAPI Pipeline Company Limited to spearhead efforts to build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline

Georgia power reforms support economic growth – ADB report

Georgia’s power sector reforms over the past two decades have resulted in a dramatic turnaround in service and efficiency, which has helped support a resurgence of economic growth, says a new Asian Development Bank (ADB) report.

ADB loan to improve urban services, connectivity in Xinjiang border area

The Asian Development Bank (ADB) has approved a $150 million loan for infrastructure and service upgrades that will help lift living standards, improve the environment, and boost trade opportunities for urban centers in the northwest Xinjiang Uygur Autonomous Region, People’s Republic of China.

ADB $220 million aid to help Pakistan build hazard-resilient infrastructure

The Asian Development Bank (ADB) has approved assistance of over $220 million to help Pakistan rebuild and upgrade roads, bridges and other high-priority infrastructure damaged by the devastating 2014 floods.