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Economics

ADB approves $400 million for border modernization in Central Asia

The Asian Development Bank (ADB) has approved a $400 million regional financing facility to modernize border infrastructure in Central Asia Regional Economic Cooperation (CAREC) countries. The new BUILD program aims to upgrade road and rail border crossings, implement digital systems, install modern control equipment, and streamline border procedures. According to the ADB, the modernization is necessary amid growing trade volumes […]

The Asian Development Bank (ADB) has approved a $400 million regional financing facility to modernize border infrastructure in countries participating in the Central Asia Regional Economic Cooperation (CAREC) Program.

The new program, called BUILD, will focus on upgrading road and rail border crossings, implementing digital systems, installing modern checkpoint equipment, and streamlining border procedures.

According to ADB, the need for modernization is driven by increasing trade and freight volumes in the region. Infrastructure upgrades are expected to reduce logistics costs and expedite the movement of goods and people across borders.

The financing also supports small and medium-sized businesses in sectors such as agriculture, tourism, and transport services, as well as stimulating regional trade development.

CAREC comprises 11 member countries, including Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan.

ADB serves as the CAREC Program Secretariat.

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