Central Asia and the New Silk Road: 12 Things to Know The thriving east-west trade that once prospered along the famed Silk Road is slowly being restored to its former glory through transport and trade links being rolled out under the Central Asia Regional Economic Cooperation program. Here are 12 facts and figures on the New Silk Road.
Uzbekistan Receives $100 Million ADB Loan for Railway Electrification The Asian Development Bank (ADB) will provide a $100 million loan to Uzbekistan to finance electrification of a 140-kilometer stretch of railway between Marakand in Samarkand Province and Karshi in Kashkadarya Province.
ADB pledges $4.7 billion to CAREC 2020 The Asian Development Bank (ADB) has allocated $4.7 billion over the next 3 years to support the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program or CAREC 2020, and its goals of trade expansion and improved competitiveness.
Central Asia Economy and Regional Trade The thriving east-west trade that once spanned Central Eurasia along the famed Silk Road may soon be restored to its former glory thanks to growing transport and trade links being rolled out under the Central Asia Regional Economic Cooperation (CAREC) program.
World Bank Approves $110 Million Loan to Improve Electricity Supply in Four Regions of Uzbekistan The World Bank approved a $110 million loan for the Talimarjan Transmission Project in Uzbekistan. The project aims to improve the reliability of electricity supply in the southwestern regions of Samarkand, Kashkadarya, Navoyi, and Bukhara.
CAREC Corridor 3 Road Project Gets $120 million ADB grant The road is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 3 that spans almost 7,000 kilometers from the Russian Federation in the north to the Persian Gulf in the south.
CAREC Corridor 2 Road Project Gets $600 Million ADB Funding The Uzbekistan road section of the A380 highway, which forms part of the Central Asia Regional Economic Cooperation (CAREC) Program's Corridor 2, is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility.
ADB to Help Uzbekistan Build Efficient and Clean Power Plant The Asian Development Bank's (ADB) Board of Directors on Tuesday approved financing totaling $350 million to improve energy security and energy efficiency in Uzbekistan.
Uzbekistan Builds Afghanistan Railway Uzbekistan's national rail company, Uzbekistan Temir Yullari (UTY), is constructing the 75-kilometer rail link between Hairatan at the border of Uzbekistan and the city of Mazar-e-Sharif in northern Afghanistan. Involvement of an Uzbek company in the project represents a vivid sample of cooperation between two CAREC member countries.
Ministers endorse energy, results frameworks Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) on 16 October endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.
