The CAREC 2 project is the second in a series of projects to fully upgrade the country’s main N-S and E-W highway A-380. This upgrading includes not only roadwork, but also improvement to the management and maintenance capacity of the national and oblast-level road agencies. Since this CAREC 2 is designed as a Multi-tranche Financing Facility (MFF), an understanding of the nomenclature of components of this road improvement project is important.