News

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

ADB $150 million loan to overhaul transport and logistics in Chongqing

The Asian Development Bank (ADB) has approved a $150 million loan to develop an efficient goods handling system for Chongqing that integrates logistics for road, water, and rail transport.

ADB president calls for expanded CAREC agenda to meet new challenges

Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

ADB to boost Incomes in Liupanshan, Ningxia, by improving rural roads

The Asian Development Bank (ADB) has approved a $100 million loan for a rural road project that will boost local incomes and cut poverty in Liupanshan, Ningxia—one of the poorest areas of the People’s Republic of China.

Central Asian countries identify $94 billion energy investment needs to 2023

Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum in Islamabad, Pakistan.

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

Alternative financing mechanisms for railway development in PRC

In the last decade, the People's Republic of China has developed the world’s largest high-speed rail network. The question now facing China Railways Corporation, is how to finance its continued development.

World Bank to support integrated transport in the Wuhan Metropolitan Region

The World Bank’s Board of Executive Directors approved a loan of $120 million to the People's Republic of China to support integrated transport development in the Wuhan Metropolitan Region.

Faster, greener, and safer urban transport for residents in Tianjin and Urumqi

Residents in Tianjin Municipality and Urumqi City in Xinjiang Uyghur Autonomous Region will benefit from faster, greener ,and safer urban transport with support of two loans approved by the World Bank’s Board of Executive Directors.

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).