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

  • Mozambique road development receives funding
    May 15, 2018
    Financing worth US$150 million is being provided by the World Bank, which will be used to help pay for road development work in Mozambique. The funding will be aimed at upgrades to roads in Mozambique’s Nampula Province and Zambezia Province. One of the key upgrades will be to a 70km section of the road connecting Namacurra with Quelimane. The aim of the work is to improve transport for the agricultural sector in the respective provinces.
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Kenya road surfacing contract awarded
    September 11, 2018
    Road surfacing work worth US$150 million will be carried out in Kenya on the routes connecting Modogashe to Habaswein and Samatar as well as Rhamu to Mandera. The work involves surfacing a total of 143km of roads. This will be carried out jointly by Hass Consortium-GVR Infra and Shandong Hi-Speed Nile Investment Company, supported by the Stanbic Bank of Kenya. The contract will take 30 months to complete, while Shandong Hi-Speed Nile Investment Company also has a deal for the PPP package that involves maint
    Read More
  • Nicaragua projects receive Japanese funding
    August 9, 2017
    Japanese financing will help pay for new bridges in Nicaragua. The funding package is worth nearly US$43 million and is being provided by the Japan International Cooperation Agency (JICA). The four bridge will be constructed on the road that connects Rio Blanco and Siuna in Nicaragua’s North Caribbean Coast Autonomous Region (RACCN). The agreement has been settled between JICA and the Nicaraguan Government. The new bridges will help improve connections between the Pacific Coast Coast and the Caribbean Coast
    Read More

Highlighted Content