Features

ADB Loan Benefits CAREC Corridor 3, Connecting Shymkent and Tashkent

The Asian Development Bank (ADB) approved a $125 million loan to finance rehabilitation of a 37-kilometer (km), four-lane section of the 99 km Shymkent-Tashkent road.

Kazakhstan, World Bank Sign Loan Agreement on CAREC Corridor 1b Road Project

The Republic of Kazakhstan and the World Bank signed a loan agreement on the East-West Roads Project (Almaty-Khorgos section): the International transit corridor Western Europe-Western China (CAREC 1b) on 10 October 2012. Kazakhstan's Minister of Finance Bolat Zhamishev said the agreement will complete the upgrade of the transit corridor.

Shardara Hydropower Plant Receives EBRD Loan for Modernization

The European Bank for Reconstruction and Development (EBRD) has allocated a loan of 9.15 billion tenge (€50 million) to finance modernization of the 100-megawatt Shardara hydropower plant in South Kazakhstan.

Kazakhstan Road Section of the South–West Transport Corridor Receives EBRD Loan

The European Bank for Reconstruction and Development (EBRD) is providing a $197 million loan for the reconstruction and upgrading of the 62-kilometer road section that connects the city of Shymkent and the Uzbekistan border. The estimated total project cost is $231 million.

From South–West to East–West Roads, Kazakhstan’s CAREC Corridor 1 Portion Gets Another Upgrade

Central Asia Regional Economic Cooperation (CAREC) Corridor 1b, also called the Western Europe–Western [People's Republic of] China Corridor, will be further improved by the East–West Roads Project. The World Bank approved a $1,068 million loan in May 2012 for this project in Kazakhstan, aiming to increase transport efficiency along the road corridor within Almaty Oblast, and modernize highway management on sections of the corridor.

Central Asia and the New Silk Road: 12 Things to Know

The thriving east-west trade that once prospered along the famed Silk Road is slowly being restored to its former glory through transport and trade links being rolled out under the Central Asia Regional Economic Cooperation program. Here are 12 facts and figures on the New Silk Road.

ADB pledges $4.7 billion to CAREC 2020

The Asian Development Bank (ADB) has allocated $4.7 billion over the next 3 years to support the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program or CAREC 2020, and its goals of trade expansion and improved competitiveness.

Central Asia Economy and Regional Trade

The thriving east-west trade that once spanned Central Eurasia along the famed Silk Road may soon be restored to its former glory thanks to growing transport and trade links being rolled out under the Central Asia Regional Economic Cooperation (CAREC) program.

First Cross-Border Transport Agreement Signed under CAREC

The Kyrgyz Republic’s Permanent Secretary of the Ministry of Transport and Communications Kubanychbek Mamaev and Tajikistan’s Minister of Transport and Communications Olimjon Boboev signed the first cross-border transport agreement (CBTA) under the Central Asia Regional Economic Cooperation (CAREC) Program.

CAREC Corridor 2 Road Project Gets $600 Million ADB Funding

The Uzbekistan road section of the A380 highway, which forms part of the Central Asia Regional Economic Cooperation (CAREC) Program's Corridor 2, is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility.