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, 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.
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
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 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.
New TAPI pipeline company holds first board meeting, appoints chairman The Board of Directors of TAPI Pipeline Company Limited (TPCL) held its first meeting in Ashgabat, Turkmenistan and appointed Mr. Mobin Saulat, Managing Director of Inter State Gas Systems (Private) Limited of Pakistan, as the Chairman of the Board for purposes of the meeting.
Turkmenistan, Afghanistan, Pakistan, and India establish landmark TAPI pipeline company The four state gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate the planned 1,800-kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.
ADB president reaffirms support for Pakistan’s development and flood reconstruction Asian Development Bank (ADB) President Takehiko Nakao met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss ADB’s partnership with Pakistan and the country’s development opportunities.
The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.
