Rehabilitation of the Khujand-Isfara Highway
Location: Khujand, Isfara, Tajikistan
Sector: Transportation
Source of funding: USD 45 mln - International Development Association, USD 9 mln - Government of the Republic of Tajikistan
Total cost: USD 54 mln
Implementer (contractor/ operator): Tajikistan’s Ministry of Transport and Communication
Start (of construction): 2015
Planned completion: 2020
INVESTORS SUMMARY
The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.IDA is one of the largest sources of assistance for the world’s 76 poorest countries and is the single largest source of donor funds for basic social services in these countries.
The IDA lends money on concessional terms. This means that IDA credits have a zero or very low interest charges and repayments are stretched over 30 to 38 years, including a 5- to 10-year grace period. The Association also provides grants to countries at risk of debt distress.
Tajikistan joined the World Bank in 1993 and the International Development Association (IDA) in 1994. During this time, the World Bank invested over $1.4 billion to support Tajikistan’s efforts to reduce poverty and improve people’s lives.
Over twenty-five years, the partnership with Tajikistan has evolved in line with changes in local needs and the global economy. Initially, the World Bank focused on post-conflict reconstruction projects in the late 1990s and provided emergency funding in response to food insecurity and natural disasters.
DESCRIPTION OF THE PROJECT
This project aims to increase transport connectivity between the Republic of Tajikistan and neighboring countries and to support improvements in road operations and asset management practices. The road sections to be financed under CARs-2 prioritize connectivity between Sugd Oblast in Tajikistan with Batken and Osh Oblasts in the Kyrgyz Republic and Ferghana Oblast in Uzbekistan. The overall development objective to increase transport connectivity between neighboring countries in Central Asia along priority cross-border road links and to support improvements in road operations and asset management practices.
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