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.
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
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.
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.
The CAREC Corridors – Linking the Mediterranean and East Asia 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 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.
North-South railway project aiming for completion late this year The Asian Development Bank fielded a mission to Turkmenistan to review the implementation progress of the North-South Railway Project, the organization’s first-ever lending intervention in the country.
The CAREC Corridors – Linking Europe and East Asia 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 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.
ADB to assume transaction advisory role for historic regional gas pipeline The Asian Development Bank (ADB) has been appointed transaction advisor to help attract a commercial consortium leader of global repute that will build, own and operate the planned 1,800-kilometer Turkmenistan–Afghanistan–Pakistan–India (TAPI) natural gas pipeline.
CAREC to support key new routes to boost regional trade The 10 members of the Central Asia Regional Economic Cooperation (CAREC) program will develop key new road and rail routes linking Central Asia to People’s Republic of China (PRC) and South Asia between now and 2020 to realize the huge trade potential between the three regions.
