Abstract
This paper will assess the current development status of Corridor 5 as a transport corridor. To assess the current development status, the report will observe the road conditions and Border Crossing Point (BCP) procedure processing durations. Second, impact of the improvement of Corridor 5 on Tajikistan and Kyrgyz Republic exports to major trading partners will be considered. Third, the report will estimate the possible time reduction of transportation along Corridor 5 and consider the impacts of time saving on exports of Tajikistan and Kyrgyz Republic. The findings of the report will be utilized as basis for the study to consider Corridor 5 as an economic corridor. The report conducts a model analysis using a Spatial Computable General Equilibrium (CGE) model called RAEM-Light model. It assesses how time reduction of transportation along Corridor 5 due to improvement of the corridor will expand exports from Tajikistan and Kyrgyz Republic.
