Loans will help fund Kazakhstan road project

The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China. The US$1.07 billion funding package is being provided by the IBRD for 19 years with a five-year grace period and the deal was agreed between the IBRD and the Kazakhstan Government. Further
May 16, 2013 Read time: 1 min
The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China.  The US$1.07 billion funding package is being provided by the IBRD for 19 years with a five-year grace period and the deal was agreed between the IBRD and the Kazakhstan Government. Further funding for the project will come through a co-financing package from Kazakhstan’s own budget and will be worth in the order of $188.5 million. The project involves the construction of a new road connecting Shymkent with the border of the Jambyl Province and the actual work will be financed using some $306 million from the loan.

Related Content

  • Jamaica highway project funding from China
    February 23, 2017
    A loan from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.
    Read More
  • Improved road links between Kenya and Tanzania
    July 22, 2013
    Work on the Taveta-Voi road link connecting Kenya and Tanzania is now being planned. The African Development Bank is providing a loan worth US$113 million. The work includes widening and improving a 42km bypass at Arusha and upgrades to a 115km section of road between Holili and Arusha. This package of works is due for completion by 2018. The Kenyan Government is itself funding upgrades to a 24km section of road running from Voi-Mwatate. Many of the existing links between Kenya and Tanzania are in poor cond
    Read More
  • Philippines planning series of highway projects
    August 10, 2017
    A series of major highway projects are now being planned in the Philippines. The largest of this most recent set of highway projects to be announced is for the US$1.24 billion NLEx-Cavitex Port Expressway Link put forward. Measuring 15km the route would be constructed featuring four lanes. This proposed link would connect the Cavite Expressway and North Luzon Expressway in Metro Manila. The proposal for the project has been made by Manila North Tollways, a subsidiary of Metro Pacific Investments.
    Read More
  • Key project for India
    February 15, 2012
    In India a major highway deal has been agreed for a road project in Gujarat worth an estimated US$810.8 million.
    Read More

Highlighted Content