ADB approves $400 million BUILD facility for 11 CAREC border crossings
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The Asian Development Bank approved a $400 million financing facility to modernize border crossing points in 11 CAREC countries. The BUILD mechanism targets road and rail crossings, digital systems, and inspection equipment. Kyrgyzstan is among the participating states.
Key Facts
- The Asian Development Bank approved the $400 million BUILD facility on August 27.
- BUILD covers 11 CAREC member countries, including Kyrgyzstan, Kazakhstan, and Uzbekistan.
- The facility targets road and rail border crossings, digital systems, and inspection equipment.
- About $150 million in co-financing is expected from development partners and trust funds.
BUILD Facility Approval
The Asian Development Bank approved the BUILD financing mechanism on August 27. The $400 million facility will modernize border crossing points in the Central Asia Regional Economic Cooperation region. Kyrgyzstan is among the 11 CAREC member countries covered by the initiative. The program includes road and rail crossings, digital systems, and modern inspection equipment.
Scope and Objectives
BUILD aims to reduce border crossing times and transport-logistics costs. The mechanism also covers harmonization of border procedures and capacity building for relevant agencies. Private sector participation is part of the planned improvements. The ADB notes that growing trade increases pressure on border crossings, causing delays and extra costs.
Co-financing and Membership
About $150 million in co-financing is expected from development partners and specialized trust funds. CAREC members include Kyrgyzstan, Kazakhstan, Uzbekistan, Tajikistan, Turkmenistan, Azerbaijan, Georgia, Mongolia, Pakistan, Afghanistan, and China. The initiative's geography extends beyond Central Asia to the Caucasus and South Asia.
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ADB approves $400 million BUILD facility for 11 CAREC border crossings
