Tuesday, 20 September 2011 17:40
Written by TOLOnews.com
The Asian Development Bank (ADB) agreed to give Afghanistan $754 million to help rebuild the country's roads and rail network.
The funds will improve 600 km of roads - equivalent to 7 per cent of the total national and regional highway network - as well as the country's rail network. This will include new tracks and stations between Mazar-e-Sharif in Balkh province and Andkhoy in Faryab province.
In January, the ADB approved grants worth $340m to complete a 2,700 km ring road connecting the towns of Qaisar, Bala Murghab, and Laman in north western Afghanistan. In total, the ADB has given Afghanistan $1.7 billion in loans and grants to its infrastructure over the past 10 years.
ADB's director general for central and west Asia, Juan Miranda, said: "With the development of modern road, rail and energy networks, Afghanistan is poised to reap the benefits of its strategic location and become a pivotal crossroads for trade and commerce in the region."
The bank is helping Afghanistan become a key player in the Central Asia Regional Economic Cooperation (CAREC) Programme - a 10-country partnership that promotes the implementation of energy and transport projects that link Europe, East Asia, South Asia and the Middle East.
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