In June 1997, a presidential decree in Georgia created the Municipal Development Fund (MDF) to enable municipal governments to take out soft loans and grants for municipal infrastructure investments. Since then, the MDF has enjoyed the support of many international development agencies, including the Asian Development Bank (ADB) that provided its first loan for Georgia’s Municipal Services Dev
With the rapid economic growth that has taken place in the People’s Republic of China (PRC) since the 1980s, vehicle ownership and demand for road transport infrastructure have substantially increased.
Rapid increases in transport demand have accompanied the rapid economic growth of the People’s Republic of China (PRC) since 1978. During 1978–2003, total passenger transport grew by 9.2% annually, while freight transport grew at 7.1%.
Since the launch of the Asian Development Bank- (ADB) sponsored Central Asia Regional Economic Cooperation (CAREC) program in 1997, regional cooperation in Central Asia has centered on transport, energy, and trade facilitation.
The poor condition of sections of a regional road linking Dushanbe, the capital of Tajikistan, with the border of Tajikistan and the Kyrgyz Republic, which had hampered regional trade, was the key challenge addressed by the Dushanbe–Kyrgyz Border Road Rehabilitation Project, Phase II. The project was approved by the Asian Development Bank (ADB) for a loan of $29.5 million and a grant of $0.5 m
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