ADB’s US$95mn loan for key Kazakhstan highway

Asian Development Bank (ADB) will provide a loan worth US$95million to Kazakhstan for the reconstruction of the Western Europe - Western China highway. The 20-year loan will be given with a four-year grace period at interest rate of LIBOR+0.4% for each interest-paying period. The overall cost of the Western Europe-Western China highway project is US$ 112million.
July 9, 2012 Read time: 1 min
943 Asian Development Bank (ADB) will provide a loan worth US$95million to Kazakhstan for the reconstruction of the Western Europe - Western China highway. The 20-year loan will be given with a four-year grace period at interest rate of LIBOR+0.4% for each interest-paying period.

The overall cost of the Western Europe-Western China highway project is US$ 112million.

For more information on companies in this article

Related Content

  • Sri Lanka benefiting from external highway investment
    July 16, 2013
    Key highway projects in Sri Lanka are now moving forward. Chinese investment will finance a new tolled highway in Sri Lanka. The project for the US$1.5 billion tolled highway is being handled jointly by China Merchants Hua Jian Highway Investment Company and China Merchants Holdings (International) Company. The agreement is to build and operate the highway over a 25-30 year period, and which will be constructed in four separate phases. The first phase will be from Enderamulla to Ambepussa, with the second f
    Read More
  • US$410mn ADB loan to build second Vietnam Southern Highway
    August 14, 2013
    The Asian Development Bank (ADB) is to lend US$410 million to Vietnam for the construction of the Second Southern Highway that links Ho Chi Minh City and the Mekong Delta. The arterial highway will consist of two cable-stayed bridges measuring a total of 5km, and 26km of interconnecting roads and associated access. The interconnecting roads and two bridges are expected to reduce the three-and-a-half hour travel time between Long Xuyen and Ho Chi Minh City by an hour, while the 90-minute travel time between
    Read More
  • Funding for Sri Lankan highway upgrade work
    July 8, 2014
    A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
    Read More
  • Funding secured for Nepal highway connection
    October 11, 2018
    A funding package has been secured that will help pay for a key road project in Nepal. The Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the Nepalese
    Read More

Highlighted Content