Investments in Central Asia
Asian Development Bank will be investing US$5 billion into the Central Asian regional economic cooperation program until 2020. Eleven countries participating in the program will receive funds for further development of the region's infrastructure and improvement of its transport and energy potential. According to the ADB Country Director for Kazakhstan, Giovanni Capannelli, development of a transport and logistics network in Central Asia is particularly important since this is a transit region for China and the Southeast Asian countries on the way to Europe.
GIOVANNI CAPANNELLI, ADB COUNTRY DIRECTOR FOR KAZAKHSTAN:
– Central Asia is going to play more and more important role, particularly for that connectivity aspect. Kazakhstan in particular will see a lot of these connectivity routes crossing by. And decisions that policy-makers will make today in terms of investing on this infrastructure, logistic centers, transport routes, energy and what we’ve discussed so far will be an important factor in determining future of the region.