News

EBRD supports France’s Urbasolar in Kazakhstan

The EBRD is supporting French company Urbasolar SAS in its plans to build a solar power plant in Kazakhstan. The new Zadarya solar power plant will add 14 MW of solar capacity to Kazakhstan’s energy mix, bringing the total amount of existing and planned renewable energy to 365 MW.

Pakistan launches expressway as part of ADB, DFID-supported economic corridors program

The E-35, also known as the Hazara Expressway, is part of the ADB/DFID’s Pakistan Economic Corridors Program to promote regional trade and economic growth in the country. The two institutions cofinanced the construction of the expressway for a total amount of $327 million.

ADB, Georgia sign loan for Tbilisi metro improvement project

The project is the fifth and last installment of the $300 million financing facility for the Sustainable Urban Transport Investment Program, approved by the Government of Georgia and ADB in August 2010.

ADB signs two loans with Pakistan to improve urban, transport sectors

The Asian Development Bank (ADB) and the Government of Pakistan signed two loans totaling $380 million for projects to help improve the country’s urban and transport sectors.

ADB provides $60 million to support power transmission expansion in eastern Afghanistan

Asian Development Bank (ADB) has signed a $60 million grant to provide more electricity for Afghan households, businesses, and industry by extending the national grid connectivity into eastern provinces and strengthening the northeast power system.

World Bank supports agricultural business opportunities in Tajikistan

The World Bank Board of Executive Directors approved $15 million in additional financing to support the ongoing Agriculture Commercialization Project in Tajikistan. The project aims to expand opportunities for Tajik farmers and enterprises to increase productivity, and access to domestic and international markets.

Promoting safe and sustainable roads in Tajikistan

Together with the Eastern Alliance for Safe and Sustainable Transport and the Young Generation of Tajikistan, the European Bank for Reconstruction and Development (EBRD) is running a road safety media and public awareness campaign in Dushanbe to promote the use of seat belts and highlight the benefits of eco-driving.

ADB loan to help modernize power generation in Uzbekistan

The Asian Development Bank’s (ADB) Board of Directors has approved a $450 million loan to help install between 850 to 950 megawatts in additional generation capacity in the Talimarjan thermal power plant using combined cycle technology, which will help improve power generation efficiency and energy security in Uzbekistan.

ADB approves $400 million to support Azerbaijan’s rail sector, modernize North–South Railway Corridor

The Asian Development Bank’s (ADB) Board of Directors has approved two loans totaling $400 million to help strengthen Azerbaijan’s railway sector and modernize and rehabilitate the Sumgayit–Yalama rail line, a key link in the North–South Railway Corridor.

ADB provides $330 million to Afghanistan to complete National Ring Road

The Asian Development Bank’s (ADB) Board of Directors has approved $330 million in grant financing to support the completion of Afghanistan's national Ring Road, a vital national strategic corridor and a critical part of the country’s regional integration agenda.