News

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.

World Bank supports improved and increased supply of electricity to southern regions of Kazakhstan

The World Bank Board of Directors approved a $48 million loan for the Kazakhstan Moinak Electricity Transmission Project, which will help to increase and improve the supply of electricity to households and business enterprises in an economically and environmentally sustainable manner in southern regions of Kazakhstan.

ADB to help Georgia improve urban transport

ADB is providing a $30 million loan to finance infrastructure repairs and upgrades in selected urban municipalities in Georgia which have been hard hit by the global economic crisis and conflict with the Russian Federation.

Mongolia gets ADB, Korea support to improve maintenance, safety of roads

A $500,000 technical assistance grant from the Asian Development Bank (ADB) will help the Government of Mongolia overhaul the management of its poorly maintained network of roads.

ADB extends $50 million to improve key road corridor in Kyrgyz Republic

The Asian Development Bank (ADB) is extending $50 million to the Kyrgyz Republic to continue upgrading a major transport corridor that supports the livelihoods of over half a million people and is the country's main trading link with the People's Republic of China (PRC).

PRC’s Xinjiang region gets $100 million ADB loan to improve roads, environment

Xinjiang, a poor region in northwest People's Republic of China (PRC), will receive a $100 million loan for urban living improvements designed to spur sustainable growth and improve the environment.

World Bank approves additional financing for Azerbaijan’s Highway Program

The World Bank approved a $62 million equivalent IDA Credit and $113 million IBRD loan to the Republic of Azerbaijan as additional financing for the Second Highway Project.