The FINANCIAL — The World Bank Group’s Board of Executive Directors approved an allocation of US$45 million equivalent to finance the first phase of the transformative Central Asia Roads Links Program, to be implemented in the Kyrgyz Republic in 2014-2019, according to the World Bank Group.
The Central Asia Road Links (CARs) program is a collaborative regional, multi-phase program initiated by governments of Central Asia. The objective of this program is to increase transport connectivity between neighboring countries in Central Asia while supporting improvements in road operations and maintenance practices.
The first phase of the Central Asia Road Links Program (CARs-1) will rehabilitate cross-border road links between Osh and Batken oblasts in the Kyrgyz Republic and Sugd oblast in the Republic of Tajikistan, according to the World Bank Group.
“Road transport in the Kyrgyz Republic carries 95 percent of all passenger movements and 60 percent of all freight traffic, so improving the road links to neighboring countries will greatly improve local peoples’ and business’ access to markets for goods and services,” said Alexander Kremer, World Bank Country Manager in the Kyrgyz Republic.
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