Tajikistan plans highway project east of capital

By bne IntelIiNews April 22, 2021

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. 

Related Articles

Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe

Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more

Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment

A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more

Net income at Freedom Holding Corp more than doubles in fiscal 2026

Freedom Holding Corp (Nasdaq: FRHC) slightly more than doubled its net income to $153.3mn in its fiscal year to March 31 from from $76.2mn in the previous fiscal 12 months, the international ... more

Dismiss
liveChat() ?>