News

Road safety audits can improve road safety

With the People's Republic of China’s rapidly expanding road networks and a growing concern for road safety on both new and existing road projects, well-executed road safety audits can help improve road safety and reduce the number and seriousness of car accidents at a low cost to benefit ratio, says a new World Bank paper.

ADB to upgrade CAREC road in northern Tajikistan

The Asian Development Bank (ADB) is providing a $100 million grant to help Tajikistan upgrade a vital road between Ayni-Panjakent and the Uzbek border in northern Tajikistan.

ADB promotes energy efficiency solutions in the People’s Republic of China

The People’s Republic of China (PRC) must develop energy efficiency solutions to support its economic growth without endangering the environment, said Hamid L. Sharif, Country Director of the Asian Development Bank (ADB) for the PRC.

ADB provides $80 million to sustain urban transport in metropolitan area of Tbilisi

The Asian Development Bank (ADB) signed $80 million in loan agreements with the Government of Georgia to improve the connectivity and accessibility of the Tbilisi metropolitan area. The improved infrastructure will ease chronic traffic congestion, improve the environment and road safety, and boost growth and jobs.

Key link in the road from Tajikistan to the world

Tajikistan, one of the more remote and isolated countries in Asia, is becoming more accessible. The last unreconstructed part of the old highway within Tajikistan which connects Europe and Asia – part of the CAREC III corridor - will receive an upgrade thanks to investment from the European Bank for Reconstruction and Development and the Asian Development Bank.

Government of Afghanistan signs $125 million grant with the World Bank to improve rural roads

Afghanistan’s Ministry of Finance and the World Bank signed a $125 million grant from the World Bank’s International Development Association to finance the improvement and maintenance of secondary and tertiary rural roads as well as the construction of bridges, together with support for implementation and capacity building activities.

CAREC officials discuss cross-border transport arrangements

Senior customs, transport, and finance officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program reviewed cross-border transport arrangements for CAREC corridors at a seminar in Beijing, People’s Republic of China.

World Bank Group provided over $10.4 billion to Emerging Europe and Central Asia

The World Bank Group provided $10.47 billion in funding to governments in Emerging Europe and Central Asia in fiscal year 2012, which ended on June 30, amid uncertainty in the Eurozone and modest growth.

Nearly 1.5 million rural residents in Azerbaijan to benefit from improved infrastructure and better social services

The World Bank’s Board of Executive Directors approved a $30 million loan for the Second Rural Investment Project in Azerbaijan (AzRIP-2). The goal of the project is to improve access to community-driven rural infrastructure and expand economic activities for rural households.

World Bank supports Georgia’s economic development with additional financing for the Third East-West Highway Improvement Project

The World Bank Board of Executive Directors approved $43 million International Development Association Additional Financing for the Third East-West Highway Improvement Project for Georgia. This was the third in a series of investments aimed at upgrading the E60 Highway, Georgia’s key transport corridor.