adb allows 3137m grant to afghanistan road project
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ADB Allows $31.37m Grant to Afghanistan Road Project

Arab Today, arab today

Arab Today, arab today ADB Allows $31.37m Grant to Afghanistan Road Project

The Asian Development Bank
Kabul - QNA

The Asian Development Bank (ADB) has today approved US$31.37 million grant to prepare the Salang Corridor rehabilitation project to improve the efficiency and safety of movement of goods and people in Afghanistan and across Central Asia.

    The grant includes $15.92 million contributed by the Government of Japan through the ADB-administered Afghanistan Infrastructure Trust Fund (AITF). AITF is a donor-financed fund established in 2010 that aims to improve livelihoods of the Afghan people through infrastructure development, according to ADB press release.

    Built in 1964, the existing 2.7-kilometer Salang tunnel and associated connecting roads, collectively known as the Salang Corridor, is in a dilapidated state and dangerous to travelers because of inadequate ventilation, poor lighting, lack of modern safety features, and a failing road surface due to a lack of regular maintenance and rehabilitation.

    The Salang Corridor is the only route that permits year-round North–South passage of goods and people across the Hindu Kush mountain range, which has peaks over 7,700 meters, making the Salang tunnel the second highest tunnel in the world. As one of the key sections of the Central Asia Regional Economic Cooperation (CAREC) Corridors 5 and 6, the Salang Corridor is also central to providing mobility for Afghanistan’s neighboring countries.

    Given the lack of alternative routes, the vast majority of goods shipped to Kabul from the north pass through the Salang Corridor. According to the United States Agency for International Development, economic losses from the constrained traffic flow are estimated at $60 million per year.

    To date, ADB has allocated more than $2.2 billion for roads, railways, and airport projects in Afghanistan. The improved Salang Corridor will complement these investments and boost connectivity between Central Asia and South Asia, through Afghanistan. This will support the strategic objectives of the CAREC program in expanding trade and improving competitiveness of the region.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb allows 3137m grant to afghanistan road project adb allows 3137m grant to afghanistan road project

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb allows 3137m grant to afghanistan road project adb allows 3137m grant to afghanistan road project

 



GMT 05:14 2017 Friday ,22 December

European stocks struggle as US tax cut euphoria wanes

GMT 22:10 2016 Thursday ,10 November

Israeli Navy Target Palestinian Fishing Boats

GMT 05:51 2016 Sunday ,18 December

Kuwait's KRCS extends "Aleppo Scream" campaign

GMT 12:05 2017 Sunday ,05 March

Security agreement between Tunisia and Algeria

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy

GMT 21:43 2017 Sunday ,09 April

Qabil inaugurates 5 factories in Sohag

GMT 15:15 2017 Thursday ,30 November

Slavery scandal overshadows EU-Africa summit
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday