News

$18 billion plan to build new “silk roads” through Central Asia

Eight countries agreed to an $18 billion strategy to improve Central Asia's network of roads, airports, railway lines and seaports to make the region a vital transit route for trade between Europe and Asia - a modern-day equivalent of the ancient Silk Road.

ADB assists in rehabilitation of road network in Central Asia to foster trade

he Asian Development Bank (ADB) is providing financial assistance to rehabilitate a key regional road network to reduce transport costs and foster trade and cooperation among Kyrgyz Republic, Tajikistan, other Central Asian nations, and neighboring People's Republic of China (PRC).

ADB: Regional cooperation essential to economic growth in Central Asia

Central Asian countries must work together to remove barriers hampering trade and improve roads and other infrastructure if the region is to maintain its rapid economic growth, a senior Asian Development Bank (ADB) official said ahead of a regional cooperation meeting.

Central Asia set to take major step forward in regional cooperation

Eight member countries of the Central Asia Regional Economic Cooperation (CAREC) program will discuss ways to deepen interaction and integrate more effectively with world markets in a meeting in Tajikistan .

Kyrgyz Republic, development partners cooperating to ensure sustainable growth

The Kyrgyz Republic and several development partners, including the Asian Development Bank (ADB) have agreed on a Joint Country Support Strategy for 2007-2010 that will aim at a high and sustainable economic growth for the Central Asian nation amid challenges brought about by political instability and geographical barriers.

ADB to help prepare transport project master plan for PRC’s Xinjiang region

The Asian Development Bank (ADB) will assist the Government of the People's Republic of China in preparing a major urban transport improvement project that covers 5 cities in one of the poorest regions of the country.

ADB promoting road safety in PRC

ADB is supporting efforts to promote road safety in the People's Republic of China through a two-week training program on road accident investigation and prevention measures to help police officers familiarize themselves with the use of modern techniques, special equipment and better technology on traffic management

ADB seeking public comment on proposed energy strategy

ADB is ready to launch a public consultation process for its draft new energy strategy to be finalized later this year.

ADB helping Central Asian gateway expand coverage

ADB is supporting the Central Asian Gateway Project to expand its coverage and strengthen efforts to build a network of research institutes in Central Asia and neighboring countries.

ADB to study power trade potential to Afghanistan and Pakistan

ADB is providing a $3 million technical assistance grant to study the potential for regional electricity trading that would help optimize utilization of power resources in both Central and South Asia.