Tajikistan is planning a new highway project to the east of the capital Dushanbe. The highway upgrade is set to cost $350mn and should provide a better transport passage through a mountainous area.
The current route features numerous switchbacks and presents a safety hazard for drivers. Two tunnels will be built for the project, measuring a total of 3,300 metres. Two new bridges measuring a total of 750 metres are also set to be constructed.
Renovations will be carried out on 75 kilometres of road connecting the towns of Obigarm and Nurobod.
Funding for the work is being provided jointly by the European Bank for Reconstruction and Development ($150mn), the Asian Development Bank ($110mn) and the Asian Infrastructure Investment Bank ($50mn). The remainder of the funding will likely be provided by the Tajik government.
The European Bank for Reconstruction and Development (EBRD) has signed portfolio risk-sharing facilities with two Ukrainian banks, UKRSIBBANK BNP Paribas Group and ProCredit Bank Ukraine (PCBU). The ... more
Austria's Raiffeisen Bank International (RBI) increased its pre-tax profit in Russia in 1Q25 by over 25% year on year to €575mn ($651mn) due to the stronger ruble, Reuters reports. In ... more
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more