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Afghanistan,Kyrgyzstan,Pakistan,Tajikistan,United States : CENTRAL ASIAN governments approach EIB for loans of 140 million to develop power...

September 2, 2014



Afghanistan,Kyrgyzstan,Pakistan,Tajikistan,United States : CENTRAL ASIAN governments approach EIB for loans of 140 million to develop power interconnection

The governments of Kyrgyzstan and Tajikistan applied to the European Investment Bank (EIB) for loans amounting to 140 million ($185 million) for the development of a cross-border power interconnection.

The total cost of the Central Asia-South Asia Electricity Transmission and Trade Project is expected to be 282 million. The project aims to transmit power production from the 2 Central Asian neighbours to Afghanistan and Pakistan, to reduce shortages and increase revenues for the exporters.

The US government announced that it would supply $15 million in financing, saying "these types of projects can enhance economic interdependence and support peace and stability in the region for years to come".

It named the World Bank and Islamic Development Bank as possible co-financiers.


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Source: TendersInfo (India)


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