ADB approves project on New Generation Border Crossing Points for CAREC countries

BAKU, Azerbaijan, April 29. The Asian
Development Bank (ADB) has approved the project for Developing New
Generation Border Crossing Points for CAREC (the Central Asia
Regional Economic Cooperation) Countries, Trend reports via the
Bank.

The regional project covers Azerbaijan, Georgia, Kazakhstan,
Kyrgyz Republic, Mongolia, Pakistan, China, Tajikistan,
Turkmenistan and Uzbekistan.

It is planned to be supported by the Technical Assistance
Special Fund in the amount of $1 million.

The TA will support ADB and DMCs with the special focus on CAREC
countries in developing border crossing points (BCPs) with climate
and innovation focus. The TA will utilize CAREC as a platform to
support processing of BCP projects under the BUILD facility, which
will finance a series of individual small-value BCP projects along
the CAREC corridors. The TA will support: (i) preparation of at
least three priority BCP projects in CAREC region including
scoping, feasibility studies and due diligence; (ii)
conceptualization of a new preparation and implementation approach
of the candidate BCP projects of CAREC countries to be processed
under the BUILD facility; and (iii) capacity building initiatives
for CAREC countries in BCP development and operations.

The project is expected to improve border crossing facilities
and procedures. Moreover, time and cost of trade along the CAREC
transport network reduced and border crossing points will be
improved.