News

New World Bank project to increase regional transport connectivity in Central Asia

The World Bank Group’s Board of Executive Directors approved an allocation of $45 million equivalent to finance the first phase of the transformative Central Asia Roads Links Program, to be implemented in the Kyrgyz Republic in 2014-2019.

Up to $2.5 trillion needed for South Asia infrastructure – World Bank

South Asia needs to spend as much as $2.5 trillion on infrastructure by 2020 to bring its power grids, roads and water supplies up to the standard needed to serve its growing population, a World Bank report says.

EBRD finances rolling stock purchase by Kazakh rail company Olzha

The European Bank for Reconstruction and Development (EBRD) is further supporting private sector involvement in Kazakhstan’s transport sector by increasing financing to JSC Olzha.

World Bank Group invests in energy trade between Central Asia and South Asia

The World Bank Group’s Board of Directors approved a $ 526.5 million in grant and credit financing for the Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) for four countries: Afghanistan, Kyrgyz Republic, Pakistan, and Tajikistan.

Donors pledge additional $286 million to ADB infrastructure fund for Afghanistan

The governments of Japan, United Kingdom, and the United States will continue their support for improving and maintaining Afghanistan’s key roads, power plants, and other infrastructure by providing an additional $286 million to the Afghanistan Infrastructure Trust Fund.

ADB president reaffirms long-term support for Afghanistan

Asian Development Bank President Takehiko Nakao has completed a visit to Afghanistan during which he reassured the country of the Bank’s continued support during and beyond the current period of transition.

Multimodal transport to spur economic growth in Central PRC

The central province of Anhui in the People’s Republic of China (PRC) will become better connected to coastal industrial hubs with a $200 million loan from the Asian Development Bank (ADB) to improve roads, upgrade the Shuiyang River channel, and build a new intermodal port.

ADB provides $900 million for Jamshoro Power Project

The Asian Development Bank (ADB) and the Government of Pakistan signed an agreement under which ADB will provide $900 million for the 600 megawatt Jamshoro supercritical coal-fired power plant.

Tajikistan to improve investment climate via ADB, Japan support

Improving the investment climate in Tajikistan, supporting knowledge transfer to businesses, and attracting potential investors to the country are at the heart of new technical assistance by the Asian Development Bank (ADB) and the Government of Japan.

ADB helps to complete the Bishkek-Osh Road a key regional link

The Asian Development Bank (ADB) and the Kyrgyz government have signed a financing agreement for the implementation of the reconstruction of a section of the Bishkek-Osh road that will strengthen national and regional connectivity and promote inclusive growth.