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The Asian Infrastructure Investment Bank (AIIB) and Tajikistan have signed a USD 2.04 million Project-Specific Window (PSW) Grant Agreement to support the Obigarm–Nurobod Road Project – Long Bridge and Approaches. This marks AIIB’s first PSW grant, a significant milestone in its efforts to mobilize blended finance for development impact.
The Obigarm–Nurobod Road Project aims to restore critical connectivity along a 75-kilometer section of the M41 Highway in central Tajikistan. This section, located in the mountain range north of the Vahdat River Valley, was disrupted by the reservoir impoundment of the Rogun Hydropower Plant. The project is expected to enhance regional connectivity and improve access for communities in the affected areas.
The agreement was signed at AIIB Headquarters in Beijing by Fayziddin Qahhorzoda, Tajikistan’s Minister of Finance, and Konstantin Limitovskiy, AIIB’s Chief Investment Officer. Representatives from the China International Development Cooperation Agency (CIDCA), which funds the grant, also attended the ceremony.
“This first PSW grant is an important step in AIIB’s journey to scale impact through blended finance,” said Limitovskiy. “By combining infrastructure investment with local skills development and inclusive programming, we aim to deliver long-term benefits for communities – especially women and youth in project-affected areas.
The PSW grant, funded by CIDCA, will focus on strengthening local capacity and promoting inclusive development. Key initiatives include:
- Technical and Vocational Training: Programs for infrastructure professionals and construction workers.
- Community Training Centers: Facilities aimed at empowering women through skills development.
- Entrepreneurship Support: Initiatives to improve livelihoods and promote economic empowerment in affected areas.
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