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

  • Montreal's transport plans
    April 25, 2012
    Canadian city Montreal will invest US$$538 million (C$550 million) for infrastructure development at the eastern end of the city. Some of the funding will be used to decontaminate polluted industrial segments in the area, while the city will also provide annual funding for the Plan d'action de l'Est between 2011 and 2017. A key portion of the development project will be for the construction of the Pie IX rapid-transit corridor, which is scheduled to be completed by 2017. However, in order to finance the ove
    Read More
  • Tenders and financing for Serbian highways
    November 22, 2013
    The Serbian Government is considering a loan from China’s Export-Import Bank, which would pay for the construction of the E-763 highway. The bank looks set to give its approval for the €223 million loan, which would pay for 90% of the construction work for the E-763, or Obrenovac-Ljig, highway. The loan would be approved over a 20 year repayment period and a five year grace period at the fixed rate of 2.5%/year. Meanwhile tendering will open for completion works on Serbia’s Pirot-Dimitrovgrad highway unti
    Read More
  • Belarus benefit from Chinese backing
    February 28, 2012
    Work on a key road project in Belarus is being financed by Chinese sources.
    Read More
  • $183 million for Tunisian road project
    April 22, 2025
    A new Tunisian road project will cost an estimated $183 million.
    Read More

Highlighted Content