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

  • Zambia road rebuild by mining firm
    May 30, 2017
    A key road rebuild contract has been carried out in Zambia by mining firm First Quantum Minerals (FQM). The firm used its own equipment to rebuild a road that connects with its mining operations in Zambia’s North-Western Province. The firm opted to maintain the Chingola-Solwezi road, which had deteriorated to such a state that North-Western Province faced being cut-off from the rest of the country during the rainy season. This was a serious issue for the mining firm as the poor state of the road threatened
    Read More
  • Cambodia-Thailand connection construction commences
    March 29, 2018
    Construction is now underway for the project to build Cambodia's National Road No 5. Costing in the order of US$185 million, the project also includes building two city bypasses. Much of the funding for the project is being supplied in the shape of a loan from the Japanese Government. This 85km route is of key importance to Cambodia as it will provide a link from the capital, Phnom Penh, to the border with neighbouring Thailand. The highway provides a new link that connects Banteay Meanchey Province
    Read More
  • Major Russian road and bridge projects
    September 27, 2021
    Major Russian road and bridge projects are being planned.
    Read More
  • Senior ADB figure urges governments to act on sustainable transport
    September 27, 2013
    Multilateral development banks (MDB) are determined to do all they can to encourage governments of developing countries meet key sustainable transport targets, according to a senior figure at one of the world’s biggest MDB’s. Guy Woodford reports Tyrrell Duncan, Asian Development Bank’s (ADB) director of Transport and Communications Division, East Asia has been at the forefront of MDB efforts to enhance sustainable transport and road safety in developing countries. Speaking during a break in talks at the In
    Read More

Highlighted Content