Features

ADB pledges $4.7 billion to CAREC 2020

The Asian Development Bank (ADB) has allocated $4.7 billion over the next 3 years to support the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program or CAREC 2020, and its goals of trade expansion and improved competitiveness.

Central Asia Economy and Regional Trade

The thriving east-west trade that once spanned Central Eurasia along the famed Silk Road may soon be restored to its former glory thanks to growing transport and trade links being rolled out under the Central Asia Regional Economic Cooperation (CAREC) program.

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.

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.

ADB, Kazakhstan sign CAREC Corridor 1 loan

The Asian Development Bank (ADB) and the Government of Kazakhstan signed a $187 million loan agreement on 3 December 2009 to reconstruct a 79 kilometer stretch of CAREC Corridor 1 linking Europe and the People's Republic of China.

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.