Fund Archives · Tashkent Citizen https://tashkentcitizen.com/tag/fund/ Human Interest in the Balance Sat, 07 Oct 2023 08:18:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://tashkentcitizen.com/wp-content/uploads/2022/11/cropped-Tashkent-Citizen-Favico-32x32.png Fund Archives · Tashkent Citizen https://tashkentcitizen.com/tag/fund/ 32 32 Saudi Fund for Development Inaugurates New Public School in Tajikistan https://tashkentcitizen.com/saudi-fund-for-development-inaugurates-new-public-school-in-tajikistan/ Sun, 29 Oct 2023 08:12:42 +0000 https://tashkentcitizen.com/?p=5125 SHAHRINAV: The Saudi Fund for Development (SFD) Chief Executive Officer, Sultan Al-Marshad, officially inaugurated today in Tajikistan, Shahrinav…

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SHAHRINAV: The Saudi Fund for Development (SFD) Chief Executive Officer, Sultan Al-Marshad, officially inaugurated today in Tajikistan, Shahrinav School, with the Deputy Minister of Education and Science of the Republic of Tajikistan, Abdullzoda Ziyodullo.

The school was inaugurated as part of the fourth phase of the “Constructing and Equipping of Secondary Schools” project in Tajikistan, for which SFD had previously made a contribution of $35 million USD, and which will benefit 25,000 students in the country.
Attending the inauguration ceremony were the Representative of the Government of the Republic of Tajikistan, Akramzoda Mahmadyusuf, the Saudi Ambassador to Tajikistan, Waleed Alreshiadan, the Chairman of Shahrinav district, Valizoda Abduqodir, and the Director of PIU, Vohidzoda Umeda, alongside other officials from both sides.

The new school will contribute toward meeting the country’s educational needs, and will accommodate 36 classrooms and 620 students. It is one of 34 new schools built as part of the fourth phase of the project.

Additionally, it will contribute toward the achievement of the UN SDGs, specifically SDG 4, Quality Education, and SDG 8, Decent Work and Economic Growth.
The Deputy Minister of Education and Science of the Republic of Tajikistan, Abdullzoda Ziyodullo, said: “I would like to thank the Kingdom of Saudi Arabia for the development support they have provided in the education sector, through SFD. Education is vital toward supporting Tajikistan’s development plans, and is closely tied to socio-economic growth in our country, and the prosperity of our people.”

On his part, the CEO of the SFD, Sultan Al-Marshad, said: “SFD believes in the importance of education, which is key to empowering all students. It raises their competencies, develops their skills, enhances their capabilities, and qualifies them for vital opportunities in their lives. This school’s inauguration is part of a broader educational project, aimed at enhancing the educational landscape of Tajikistan across the entire country.”
The school’s inauguration comes as a continuation of SFD’s support toward Tajikistan’s education sector. SFD has financed 4 development projects in the education sector to construct and equip 57 secondary schools across 4 phases, in different regions, with a total funding amount of $75 million USD. SFD has financed 12 development projects in Tajikistan, worth over $193 million USD, in different key sectors.

Source: Arab News

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EBRD Talks Support For Dev’t of Transport Corridors in Central Asia https://tashkentcitizen.com/ebrd-talks-support-for-devt-of-transport-corridors-in-central-asia/ Fri, 21 Apr 2023 15:46:00 +0000 https://tashkentcitizen.com/?p=3305 The European Bank for Reconstruction and Development (EBRD) is conducting a study of Sustainable Transport Connections between Asia…

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The European Bank for Reconstruction and Development (EBRD) is conducting a study of Sustainable Transport Connections between Asia and Europe funded by the European Commission, Zsuzsanna Hargitai, EBRD Managing Director for Central Asia, told Trend.

According to the managing director, the study, which should be finalized by summer 2023, is aiming to identify the most sustainable transport connections between the Central Asian states and the extended Trans-European Transport Network (TEN-T).

“It has two objectives: to identify the most sustainable transport corridors connecting the five Central Asian states with the EU’s TEN-T, including the Caucasus, and to propose actions for their development, including the actual infrastructure investments and necessary enabling environment,” she explained.

As Hargitai pointed out, until recently, the main route linking North-East Asia with Europe was the Eurasian Northern Corridor.

“It was using Trans-Siberian railway from Russia’s Far East with its branches going through Kazakhstan and Mongolia. The Middle or Transcaspian Corridor running through the territory of Kazakhstan is generally considered to be the second-best land-based option, despite not being a complete alternative to the Northern one. Should this corridor become a more preferred new route for freight companies, a diversion of transit cargo exceeding 10 percent of the Northern Corridor’s tonnage will require large investment across the entire corridor and its economic efficiency is yet to be assessed,” she said.

According to Hargitai, the EBRD is already working with transport and logistical companies along the Middle Corridor such as Kazakhstan’s Temirservice Astana.

“This is an operator of the first private railway station in Kazakhstan. Last year the Bank also signed a memorandum of understanding with a sea port of Aktau. The EBRD is considering a loan, which will support the modernization of cargo handling equipment and related port infrastructure,” the managing director added.

Source : Trend

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