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New railway line for PRC's Inner Mongolia Autonomous Region The People's Republic of China (PRC) will receive a $200 million loan from the World Bank to help finance construction of the ZhangHu Railway in Inner Mongolia Autonomous Region. [More]  Uzbekistan receives $100 million for railway electrification The Asian Development Bank provides a $100 million loan to finance electrification of a 140-kilometer stretch of railway between Marakand in Samarkand Province and Karshi in Kashkadarya Province of Uzbekistan. [More]  Mongolia secures road investment program, driving growth and development Mongolia secures a $170 million road investment program loan from the Asian Development Bank for road improvement along CAREC Corridor 4, linking the country to the Russian Federation in the north, and the People’s Republic of China in the south. [More] Central Asia Regional Economic Cooperation (CAREC): Building a Global Future As the Central Asia Regional Economic Cooperation (CAREC) Program celebrates 10 years of regional economic cooperation in Central Asia and neighboring countries, this video highlights CAREC achievements in the sectors of transport, trade, and energy. [Watch the full video.]  First Afghan railway opens, promotes
cooperation The new Afghan railway opens with the arrival of its train at the Naibabad Station in the city of Mazar-e-Sharif from Hairatan at the border of Uzbekistan. This will bring great opportunity for increased trade and cooperation between Afghanistan and its neighbors in Central Asia. [More]  |
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What is CAREC? The Central Asia Regional Economic Cooperation, or CAREC, Program is a proactive facilitator of project-based cooperation in transport, trade, energy, and other key sectors of mutual interest. It is a partnership of 10 countries and 6 multilateral institutions working together to promote development through regional cooperation, leading to accelerated growth and poverty reduction. Countries: Afghanistan, Azerbaijan, the People's Republic of China, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. Institutions: Asian Development Bank, European Bank for Reconstruction and Development, International Monetary Fund, Islamic Development Bank, United Nations Development Programme, and World Bank. The Asian Development Bank also serves as the CAREC Secretariat. |
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