Skip to main content

Kazakhstan highway rebuilding gains funding

A funding package will help pay for road rebuilding work in Kazakhstan. The US$106 million of financing is being supplied by the European Bank for Reconstruction and Development. This will be used to pay for improvements to a 67km stretch of the Kurty-Kapshagai highway connecting capital Almaty with the city of Astana.
May 15, 2018 Read time: 1 min

A funding package will help pay for road rebuilding work in Kazakhstan. The US$106 million of financing is being supplied by the European Bank for Reconstruction and Development. This will be used to pay for improvements to a 67km stretch of the Kurty-Kapshagai highway connecting capital Almaty with the city of Astana.

Related Content

  • Kazakhstan road improvement – funding found
    May 21, 2018
    An important highway stretch in Kazakhstan will now be upgraded thanks to funding from the International Bank for Reconstruction and Development (IBRD). The US$490 million finance package comes in the shape of a loan and will be used to improve the highway connecting capital Almaty with Khorgos, which lies on the border with China. The 297km highway section will cost $576.5 million to upgrade in all.
  • South Korean consortium picks up Kazakhstan highway deal
    July 14, 2016
    A South Korean consortium is in line for a US$75 million loan from the Asian Infrastructure Investment Bank (AIIB) for a project in Kazakhstan. The $900 million project around the city of Almaty will see development of a 66km highway with eight intersections and 21 bridges, according to a report in the Korea Herald. The consortium consists of Korea Expressway and SK Engineering and Construction (SK E&C), noted a report by the Korean news agency Pulse. Other banks that will provide loans to the cons
  • Kazakhstan announces infrastructure investment programme to 2020
    April 2, 2015
    Kazakhstan’s deputy minister for investments and development Zhenis Kasymbek has said that about US$20 billion will be invested in development of all types of transport infrastructure by 2020. The main funds will be allocated for the Caspian region, in particular for projects to improve connections to Azerbaijan, Georgia and Turkey. Apart from road infrastructure, money will be invested to construct the Beyneu-Zhezkazgan railway and development of the Altynkol-Khorgos railway section in the direction of
  • Kazakhstan highway being handled by consortium
    February 12, 2018
    An international consortium has been formed that will handle a major highway project in Kazakhstan. Worth US$730 million, the consortium’s contract is to build and operate a new tolled ring road around the capital, Almaty. The construction consortium comprises the Turkish contractors Alarko and Makyol, SK Engineering & Construction and Korea Expressway. The funding package for the project meanwhile is being provided jointly by the International Finance Corp and European Bank for Reconstruction and