Infrastructure development for key eastern nations

The Eurasian Development Bank (EDB) and the Asian Development Bank (ADB) are planning to help develop infrastructure in projects in Armenia, Kazakhstan, the Kyrgyz Republic and Tajikistan. From now until 2021, EDB will provide US$1 billion while the ADB will provide $2 billion. In addition, the banks have signed an agreement on additional co-financing of the construction of the North - South motorway in Armenia. EDB will provide $320 million for the project.
March 11, 2016 Read time: 1 min
The Eurasian Development Bank (EDB) and the Asian Development Bank (ADB) are planning to help develop infrastructure in projects in Armenia, Kazakhstan, the Kyrgyz Republic and Tajikistan. From now until 2021, EDB will provide US$1 billion while the ADB will provide $2 billion. In addition, the banks have signed an agreement on additional co-financing of the construction of the North - South motorway in Armenia. EDB will provide $320 million for the project.
Finance & Funding

Related Content

  • Key Russian highway projects in planning
    November 30, 2015
    Construction of the Russian stretch of the highway connecting Europe with China should be complete by 2018. This section of the project is costing close to US$22.6 billion. The international transit corridor from Europe to Western China is of key economic significance. The first sections of the Russian portion of the route form part of the new high-speed federal highway M-11 from Moscow to St Petersburg. About 40% of the highway will run through the Volga federal district. The 8,400km long international tra
    Read More
  • China’s infrastructure development for Anhui and Jiangsu Provinces
    July 21, 2017
    China’s Anhui and Jiangsu Provinces are developing transport infrastructure with a series of major projects. In Anhui Province plans have been drawn up for road and highway improvements as well as upgrades to other categories of transport infrastructure over the period from 2017 to 2021. The road expansion programme will see Anhui Province increase its highway network by 1,157km to 5,700km during this period.
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More
  • European fudning for transport project in Malawi
    November 21, 2019
    A finance package worth nearly US$156 million will pay for essential road works in Malawi.
    Read More

Highlighted Content