European Bank for Reconstruction and Development promotes flight safety in Tajikistan
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European Bank for Reconstruction and Development promotes flight safety in Tajikistan

European Bank for Reconstruction and Development promotes flight safety in Tajikistan

Almost 1.5 million passengers using key airports in Tajikistan every year will enjoy safer flights following air navigation systems upgrades financed by the European Bank for Reconstruction and Development (EBRD) to make the systems compliant with international flight safety standards.

A 7-year EBRD loan of €6 million will fund major upgrades of the air navigation service infrastructure at the main airports in the country.

The investment will promote quality and safety and compliance of local air navigation services with International Civil Aviation Organisation (ICAO) standards.

The loan will be used for the procurement and installation of an air traffic control system at Dushanbe Airport, an aero-meteorological system at Khujand Airport and communication and navigation systems to be used by the state-owned air traffic management company Tajikairnavigation.

The introduction of modern navigation equipment by 2021 will allow for a better utilisation of Tajikistan’s airspace and improve flight safety in an area known for its mountainous landscape and volatile weather conditions.

To date, the EBRD has invested almost €673 million (US$ 755 million) through 127 projects in various sectors of Tajikistan’s economy.

The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to create a new post-Cold War era in central and eastern Europe and are now doing more than ever before – across three continents to further progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative’.

The EBRD is owned by 69 countries, as well as the European Union and the European Investment Bank. The EBRD President is currently Sir Suma Chakrabarti. Each shareholder is represented on the Board of Governors, which has overall authority over the EBRD. Under the guidance of the Board of Directors, the President manages the EBRD’s work. The Executive Committee and senior leadership group advise the President and oversee EBRD activities.

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Post source : European Bank for Reconstruction and Development

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Anthony has worked in the construction industry for many years and looks forward to bringing you news and stories on the highways industry from all over the world.

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