World Bank supports a safe and reliable electricity supply in Kazakhstan The World Bank Board of Directors approved a $78 million loan for the Kazakhstan Alma Electricity Transmission Project to the Republic of Kazakhstan to improve the reliability and quality of electricity supply to consumers in the Almaty region. The project will expand the capacity of the Almaty Oblast transmission network in an environmentally responsible and financially sustainable manner.
World Bank approves additional financing for the regional and municipal infrastructure development project in Georgia The World Bank Board of Executive Directors approved an Additional Financing in the amount of $45 million to Georgia for the Regional and Municipal Infrastructure Development Project . The additional financing has been requested by the Government of Georgia to scale up the project activities through rehabilitating additional municipal services and infrastructure throughout the country, and preparing strategic development plans for a number of selected cities.
World Bank and Turkmenistan expand collaboration: Memorandum of understanding signed on a project to modernize Turkmenbashi Sea Port The International Bank for Reconstruction and Development and the Government of Turkmenistan have signed a Memorandum of Understanding to set the framework for collaboration in preparing an investment project which will further develop the port of Turkmenbashi and improve the efficiency of its operations.
World Bank provides additional financing to the National Road Rehabilitation Project in the Kyrgyz Republic The World Bank’s Board of Directors approved Additional Financing in the total amount of $10 million to support the on-going National Road Rehabilitation (Osh-Batken-Isfana) Project in the Kyrgyz Republic.
World Bank continues to support Pakistan’s productive highway network The World Bank approved a credit worth $130 million in additional financing for the Pakistan Highway Rehabilitation Project to continue revitalizing and modernizing Pakistan’s highway system.
World Bank supports reconstruction of Pakistan’s Karachi Port The World Bank’s Board of Directors endorsed the $115.8 million Karachi Port Improvement Project. The financing will help reconstruct the country’s largest port to relieve the capacity constraints and strengthen shipping revenues for the Pakistan economy.
World Bank helps improve roads in Azerbaijan The World Bank approved a $70 million equivalent IDA Credit and a $171.6 million IBRD Loan to the Republic of Azerbaijan for the Third Highway Project. This project will improve safety and efficiency of the Baku – Shamakhi road by upgrading it from two to four lanes, and will strengthen management of the nascent motorway network.
World Bank Group holds consultations with the Central Asian region on future energy strategy The World Bank Group held consultations in Central Asia to gather input for a new energy sector strategy, which is expected to be completed in early 2011.
Energy Project scale-up to improve delivery of electricity in Mongolia The World Bank’s Board of Executive Directors approved a $12 million scale up of a successful Mongolian energy project. The Energy Project, which was first introduced in 2001, was instrumental in improving the financial sustainability of the energy sector by reducing losses and improving revenue collection in Ulaanbaatar and 9 aimag (provincial) centers in Mongolia.
Uzbekistan workshop assesses climate change risk to Energy Sector In the coming decades, Uzbekistan is projected to face rising average temperatures, increasing risk of heat waves, greater warming in summer months, as well as changing precipitation, leading to more floods and droughts.
