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

  • Australia roads alliance
    April 16, 2012
    A huge infrastructure programme is being planned at present for the Australian state of Queensland With an annual growth rate of around 3.2%, Queensland is the fastest growing state in Australia and has been for over a decade. The State attracts an average of 1,500 new permanent residents each week, 1,000 of whom move to the South East corner.
    Read More
  • EBRD supplies loan for Albania’s road development
    February 11, 2020
    The EBRD is suppling a loan to help pay for Albania’s planned road development works.
    Read More
  • Road rebuilding and rehabilitiation revitalising Rwanda
    October 4, 2013
    In Rwanda a road rehabilitation project will see the rebuilding of the route connecting Huye and Kitabi. The work on the 53km road will be supervised by Rwanda’s Ministry of Infrastructure and is due for completion by 2017. A loan worth SU$10 million from the Arab Bank for Economic Development (Badea) will help to finance the work on the road, which lies in Rwanda’s Southern Province. Badea is a financial institution owned by 18 Arab countries members of the League of Arab States (LAS). In all, the project
    Read More
  • A new transportation project for Northern Southeast Asia
    March 2, 2022
    Transport in Northern Southeast Asia is to benefit from a new US$145 million project
    Read More

Highlighted Content