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

  • Japan’s loan to Kyrgyz Republic for highway
    July 21, 2014
    The Kyrgyz Republic is receiving a loan worth over US$118 million for highway repairs from Japan. The two countries have established a co-operation agreement that will be used to improve highway connections in the Kyrgyz Republic’s Osh, Jalal-Abad, and Talas Provinces. The deal also includes the supply of equipment for road maintenance work. This latest loan is one in a series that Japan has made for investing and improving infrastructure in developing nations in recent months.
    Read More
  • Indian State of Rajasthan sees highway development
    July 7, 2017
    India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the Asian Development Bank (ADB).
    Read More
  • Sri Lanka road financing deal agreed
    June 4, 2015
    A financing deal has been signed for a series of major road projects in Sri Lanka. A second loan facility worth US$107 million has been agreed between the Sri Lankan Government and the Asian Development Bank (ADB). This loan facility will be used to finance road upgrade projects in Sabaragamuwa Province, North Western Province, Western Province, North Central Province and Central Province. This loan forms part of the $800 million Integrated Road Investment Programme planned by the Sri Lankan Government. The
    Read More
  • Europe-Asia road link
    February 9, 2017
    The governments of China, Kazakhstan, Belarus and Russia have finally approved a project for the building of a new transcontinental road, which will connect Asia and Europe. The new route is much-needed and will speed the transportation of cargo between the two continents, according to Maxim Sokolov, Russia’s Minister of Transport. The idea for the building of the road was first proposed by the European Commission around 2005. It was prompted by the ever growing volume of trade between the EU and Chin
    Read More

Highlighted Content