News

ISDB finances the first public-private partnership toll-road concession in Kazakhstan

The Islamic Development Bank (ISDB) together with other multilateral co-financiers participated in providing joint funding of $585 million to BAKAD Investment and Operation Limited Liability Partnership, a project company set up to develop and operate a 66-kilometer Ring Road north of Almaty on a public-private partnership basis.

Central Asia Transport Strategy for 2030

The 2030 transport strategy separates trade facilitation from transport, and puts CAREC’s objectives of improving connectivity and sustainability alongside corridor construction and rehabilitation.

UPCOMING: 19th CAREC Transport Sector Coordinating Committee Meeting

The 19th Transport Sector Coordinating Committee Meeting will present the new CAREC Transport Strategy 2030 and discuss recent developments in railways, road asset management, road safety, aviation, and findings of the ports and logistics scoping study as well as plans for 2020.

UPCOMING: Sixth CAREC Railway Working Group Meeting

The Sixth Railway Working Group (RWG) Meeting will discuss progress made in technical assistance activities agreed at previous RWG meetings and provide knowledge-sharing support on key topics in railway reform.

New Road Safety Observatory for Asia and Pacific Region: Fighting Road Fatalities and Injuries with Better Data

The Asia-Pacific Road Safety Observatory will support countries in the region in boosting their capacity to collect, analyze, and share reliable road crash data, with the objective of drastically reducing number of road deaths and crash injuries in the region.

EBRD allocates $150 million for infrastructure development in Tajikistan

A $150 million loan by the EBRD will finance the construction of a 44-kilometer stretch of the M41 road, the main transport corridor in the country linking Tajikistan with the Kyrgyz Republic, Kazakhstan, and China.

World Bank continues its support to civil aviation sector reform in Uzbekistan

The Government of Uzbekistan and the World Bank have signed an advisory services agreement for modernizing the country’s civil aviation sector.

Uzbekistan enters the next phase of market reforms with renewed support from the World Bank

World Bank Vice President for Europe and Central Asia Cyril Muller welcomed the Government of Uzbekistan’s progress in transforming the economy and pledged the institution’s continued support for further reforms.

ADB to step up private sector operations in vulnerable countries, emerging sectors

The Asian Development Bank (ADB) will sharpen the focus of its private sector operations on complex, innovative, smaller, and sometimes riskier projects in challenging markets and sectors, and enhance efforts to address climate change and support women under an operational plan that will guide ADB’s nonsovereign assistance over the next 5 years.

EBRD finances major infrastructure project in Mongolia

Regional integration and international trade between Mongolia, [People's Republic of] China, and Russia will be boosted by the completion of a major infrastructure project supported by the EBRD.