EBRD allocates US$ 150 million for infrastructure development in Tajikistan

3 years ago tngadmin Comments Off on EBRD allocates US$ 150 million for infrastructure development in Tajikistan

The European Bank for Reconstruction and Development (EBRD) has allocated a loan to support development of transport infrastructure in Tajikistan.

According to the EBRD Dushanbe Resident Office, a US$ 150 million loan by the EBRD will finance the construction of a 44-kilometer stretch of the M41 road, the main transport corridor in the country linking Tajikistan with Kyrgyzstan, Kazakhstan and China.

The investment complements funding by the Asian Development Bank and the Asian Infrastructure Investment Bank, which are jointly financing the construction of a bypass of the existing section of the M41, which needs to be replaced due to the construction of a hydropower plant in the region. Technical cooperation funding aimed at the assessment of climate change risks was provided by the Czech Republic.

The project will create new economic and transport opportunities to population of the Rasht Valley (eastern Tajikistan) and will also provide multiple economic benefits for local women.

Along the road five trading areas will be established for more than 8,000 women entrepreneurs from the valley. At least 150 women will receive specialized training designed to improve their commercial skills.

The investment will help improve road maintenance practices in Tajikistan through the increased funding and institutional capacity measures supported by the EBRD.

The new road will also bring gender-sensitive and safety facilities, which will include pedestrian crossings, road lighting, bus stops and special family rooms at rest stops.

To date, the EBRD has invested over Euros 700 million through 133 projects in various sectors of Tajikistan's economy.

Source: Asiaplus