Philippines, Aug. 27 -- The Asian Development Bank (ADB) has approved a $400 million regional financing facility to modernize border crossing points, lower transport and logistics costs, and improve the movement of people and goods across the Central Asia Regional Economic Cooperation (CAREC) region. The Border Upgrades for Integration, Logistics, and Development (BUILD) facility will support priority investments to modernize border crossing points and strengthen connectivity and competitiveness across the CAREC region. Despite recent progress in trade and transport connectivity, border crossing points remain bottlenecks across CAREC corridors due to growing trade volumes, infrastructure and capacity constraints, and the need for further mo...