News

Kazakhstan’s Rail Sector

The EBRD is providing a $50 million loan to Kaztemirtrans, a subsidiary of the Kazakhstan’s national rail network operator Kazakhstan Temir Zholy (KTZ), to finance the renewal of the company’s rolling stock.

ADB commends Uzbekistan for promoting Central Asia regional cooperation

Asian Development Bank (ADB) President Haruhiko Kuroda praised Uzbekistan for its strong support for regional cooperation, saying that improved trade and transport links will help Central Asia reap the benefits of its strategic location.

Afghanistan Reconstruction Trust Fund to support the Afghan government’s development agenda with anticipated $2.6 billion over next 3 years

Representatives of donor countries met to discuss one of the main vehicles for international cooperation in Afghanistan: the Afghanistan Reconstruction Trust Fund, administered by the World Bank. Supported by 31 countries, the fund has mobilized over $3.6 billion since it was established in 2002, and has now become the main financing vehicle for Afghan development priorities.

ADB approves $1 billion in funding to support landmark rail program in PRC

The People's Republic of China (PRC) is to receive up to $1 billion from the Asian Development Bank (ADB) in a landmark program to support cleaner, safer and more energy efficient railway services in poor southwest regions of the country.

Poor road safety conditions threaten economic and social well-being of Europe and Central Asia countries

Unsafe road traffic conditions in the countries of Europe and Central Asia have tremendous adverse implications for their economic and social well-being, says a World Bank report.

Central Asian governments endorse plans to boost integration, trade

Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.

Central Asian nations gather in Ulaanbaatar for 8th CAREC Ministerial Meeting

Ministers from across Central Asia are gathering in Ulaanbaatar, Mongolia, for a major annual conference aimed at building transport and energy infrastructure, simplifying border and trade arrangements, and fostering closer cooperation among countries in the region.

Launch of Atyrau–Aktau road in Kazakhstan

The first section of the Atyrau-Aktau road in Kazakhstan, reconstructed with the support of the EBRD, was inaugurated in Atyrau, the center of the country’s oil and gas industry.

ADB-funded railway to help Afghanistan improve regional links, boost growth

Afghanistan's push to develop reliable, safer, sustainable transport systems that boost growth, and increase connectivity with neighboring countries are getting support from a $165 million Asian Development Bank (ADB) grant.

ADB to extend $500 million to Georgia for seven-year road upgrade program

ADB is extending up to $500 million to Georgia to support a major overhaul of vital link-roads between Central Asia and the Caucasus.