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

  • Kenya receives infrastructure loan
    April 25, 2012
    A US$265.2 million loan is being provided by the African Development Bank (AfDB) to the Kenyan authorities for infrastructure work. Kenya’s Finance Ministry said that the loan will be used to improve the road network as well as to improve energy infrastructure. With this latest loan the AfDB has supplied Kenya with funds worth close to $1.5 billion for road improvements and energy infrastructure work.
    Read More
  • Fluor and ACS Infrastructure Canada win Gordie Howe Bridge deal
    October 2, 2018
    Bridging North America will build the Gordie Howe Bridge, named after a famous Canadian ice hockey player and leading scorer A partnership including Fluor Canada and ACS Infrastructure Canada has been chosen to design, build, finance, operate and maintain the Gordie Howe International Bridge project. The client, Windsor-Detroit Bridge Authority (WDBA), announced the appointment of Bridging North America group in the Canadian city of Windsor, across the Detroit River from Detroit in the US state of Michig
    Read More
  • Kenya highway work awarded
    October 13, 2020
    An important highway contract in Kenya has been awarded.
    Read More
  • Sri Lanka highway secures Japanese funding
    September 28, 2017
    A funding package from Japan will help pay for the third stage of Sri Lanka’s key Central Expressway project. The third phase of the Central Expressway project will be constructed by the Japanese firm, Taisei Corporation, with the work taking five years to complete. Financing worth US$883 million is being provided by the Japanese Government for the project. This third stage of the Central Expressway will stretch 32.5km and will connect Pothuhera with Galagedara.
    Read More

Highlighted Content