DUSHANBE, November 3, Asia-Plus -- The Government of Tajikistan and the Asian Development Bank (ADB) have signed a loan agreement on the Regional Road Corridor Improvement Project.
The agreement was singed at the 6th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) in Dushanbe on November 3.
A total cost of the project is $76.4 million. A $53.4 million contribution of ADB to the project includes $12.4 million provided in a form of grant. The contribution of the Tajik government to the project amounts to $22.8 million.
The project is aimed to facilitate the completion of improvement of key sections of the road from Dushanbe to the Tajik-Kyrgyz Border, in order to achieve better facilitation of trade and cooperation between adjoining countries in the north and the south, and strengthen economic linkages between the Tajikistan and other CAREC countries.
Improved road condition and better management of road maintenance, and upgrading of border control facilities and customs processes between Tajikistan and the Kyrgyz Republic through enhanced institutional and stakeholders’ capacity is central to the project design.
The project is dedicated to improve a part of the regional corridor from Nimich to Karamyk (Tajikistan’s component) and from Karamyk to Saritash (Kyrgyzstan’s component) as well as enhance border infrastructures for strengthening regional trade and cooperation.
The project will be implemented during five years (2008-2013).
The ADB loan carries a 32-year term, including a grace period of eight years, and an interest rate of 1% per annum during the grace period and 1.5% per annum after.
Congratulations on Vicotry Day
The world's most popular sport now has its own day for fans to celebrate — May 25
A conference expected to be held in Dushanbe next week to discuss once again the media law on media
Iran can serve as gateway for Central Asian countries to internal markets, says Iranian ambassador to Tajikistan
Another incident with use of firearms occurs on Tajik-Kyrgyz border
All five Central Asian leaders to attend Victory Day events in Moscow
Tajikistan ranked 1550th out of 180 countries and territories in terms of press freedom
By president’s order Tajik war veterans will receive 40,000 somonis each on the occasion of Victory Day
Tajikistan signs the Declaration on Children, Youth and Climate Action
Italy to host the 58th ADB Annual Meeting in 2025
All news
Авторизуйтесь, пожалуйста