First Cross-Border Transport Agreement Signed under CAREC The Kyrgyz Republic’s Permanent Secretary of the Ministry of Transport and Communications Kubanychbek Mamaev and Tajikistan’s Minister of Transport and Communications Olimjon Boboev signed the first cross-border transport agreement (CBTA) under the Central Asia Regional Economic Cooperation (CAREC) Program.
Kyrgyz Republic’s Energy Sector Gets Assistance from ADB, World Bank The Asian Development Bank (ADB) and the World Bank are extending assistance to the energy sector of the Kyrgyz Republic. ADB will provide a loan and a grant to help turnaround a power sector hampered by inefficiencies and losses, while the World Bank will provide funds for the energy needs of the country before winter begins.
CAREC Corridor 2 Road Project Gets $600 Million ADB Funding The Uzbekistan road section of the A380 highway, which forms part of the Central Asia Regional Economic Cooperation (CAREC) Program's Corridor 2, is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility.
Kyrgyz Republic: Upgrade of Strategic Road Promotes Trade Around 75 percent of the population of the Kyrgyz Republic are benefiting in some way from an upgraded road connecting the north and south of the country.
Key section of CAREC corridor opened The newly reconstructed 77-kilometer Osh–Gulcha road in southern Kyrgyz Republic aims to improve connectivity to regional and global markets, a main objective of the long-term development of the country.
Ministers endorse energy, results frameworks Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) on 16 October endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.
