News

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.

$400 million loan to help Pakistan end crippling power problems

The Asian Development Bank (ADB) has approved a $400 million loan to support the Government of Pakistan's ongoing reforms to tackle the country’s chronic energy crisis which has crippled industries and caused social unrest.

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.