Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, December 11, 2017

World Bank announces Tajikistan transport connectivity financing

The World Bank announced on Wednesday that its Board of Executive Directors has approved $45 million in funding to the Central Asia Road Links Program in Tajikistan.

The project aims to increase transport connectivity between Tajikistan and its neighboring countries. The program itself is a multi-phase regional road linking program that began with the Republic of Kyrgyzstan during the first phase.

“Tajikistan is Central Asia’s least connected, most isolated country, with only limited regional and international connectivity, where road transport is often the only option given the alpine topography and small rail network,” said Patricia Veevers-Carter, World Bank country manager for Tajikistan. “By financing the rehabilitation of cross-border road links in Sughd Oblast, which accounts for 40 percent of the country’s overall freight turnover, the project will expand opportunities for trade and increase the competitiveness of domestic products, leading to private sector growth and job creation.”

This phase of the project will be implemented over five years, according to the bank.

Organizations in this story

The World Bank 1818 H St NW Washington, DC - 20433

Get notified the next time we write about The World Bank!