News

CAREC Countries Continue Working Together to Improve Regional Transport Connectivity

The 20th Transport Sector Coordinating Committee (TSCC) meeting was held in Tbilisi, Georgia, on 24-25 May 2023. The meeting was attended by representatives from CAREC member countries and development partners. The meeting reviewed knowledge products completed under the CAREC Transport Strategy 2030, which outlines a vision for a more integrated and efficient regional transport network. […]

UN Afghanistan Conference discusses regional cooperation

As a strategic pivot for regional cooperation linking Central and South Asia, Afghanistan stands to benefit from regional cooperation programs including CAREC, to help bring about peace, security and economic prosperity.

ADB joins partners in supporting Decade of Action on Road Safety

The Asian Development Bank (ADB) joined nine other multilateral development banks (MDBs) in signing a statement committing to support the second decade of action on road safety (2021–2030).

ADB Approves $121 million loan to complete modernization of Eastern Uzbekistan railway network

The Asian Development Bank (ADB) has approved a $121 million loan to complete the modernization of the railway network in eastern Uzbekistan that will help to stimulate economic growth in the Fergana Valley and improve trade and regional connectivity.

ADB to develop Asian Transport Outlook to support larger and more sustainable transport sector in Asia

The Asian Transport Outlook (ATO) will support the planning and delivery of transport sector assistance by ADB, as well as transport policy and initiatives by Asian governments, in line with the Sustainable Development Goals (SDGs), Paris Agreement, and other international agreements.

ADB approves $274 million loan to upgrade roads vital to Uzbekistan’s regional connectivity

The Asian Development Bank (ADB) approved a $274.2 million loan to reconstruct 240 kilometers of highway in the western part of Uzbekistan and improve safety at key sections of the country’s national road network to expand regional trade and road transport connectivity.

‘Safety, Data, and Green’ the keywords to transport sector’s sustainable recovery from COVID-19, says ADB President

The transport sector must emerge from the coronavirus disease (COVID-19) pandemic as a driver of sustainable growth with three critical factors in mind—SDG, which in this case stands for “Safety, Data, and Green,” Asian Development Bank (ADB) President Masatsugu Asakawa said at the 7th Asia and the Pacific Transport Forum 2020.

ISDB finances the first public-private partnership toll-road concession in Kazakhstan

The Islamic Development Bank (ISDB) together with other multilateral co-financiers participated in providing joint funding of $585 million to BAKAD Investment and Operation Limited Liability Partnership, a project company set up to develop and operate a 66-kilometer Ring Road north of Almaty on a public-private partnership basis.

Central Asia Transport Strategy for 2030

The 2030 transport strategy separates trade facilitation from transport, and puts CAREC’s objectives of improving connectivity and sustainability alongside corridor construction and rehabilitation.

UPCOMING: 19th CAREC Transport Sector Coordinating Committee Meeting

The 19th Transport Sector Coordinating Committee Meeting will present the new CAREC Transport Strategy 2030 and discuss recent developments in railways, road asset management, road safety, aviation, and findings of the ports and logistics scoping study as well as plans for 2020.