News

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.

ADB loan to help improve urban services, environment in Akesu, Xinjiang

The Asian Development Bank (ADB) has approved a $150 million loan to conduct urgently-needed upgrades to infrastructure and services in the fast growing city of Akesu in the Xinjiang Uygur Autonomous Region (Xinjiang), the People’s Republic of China (PRC).

ADB operations in Tajikistan remain strong

The performance of projects and programs supported by the Asian Development Bank (ADB) in Tajikistan remains strong; they have successfully helped improve people’s lives through better road connectivity and more reliable power supply.

ADB VP visits Kazakhstan to discuss partnership, attend economic forum

Asian Development Bank (ADB) Vice-President Wencai Zhang is in Kazakhstan for a 2-day visit where he has been holding talks with government officials on partnership opportunities. He also delivered the keynote address at the 8th Astana Economic Forum.

ADB provides $197 million to develop highway in Balochistan

The Asian Development Bank (ADB) and the Government of Pakistan signed a $197 million loan to upgrade a national highway in Balochistan province.

ADB, Azerbaijan sign a $1 billion MOU to upgrade power distribution network

The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.